WebWhat this means, which he goes on to show later in the video, is that there is another indifference curve—a "higher" IC—that only touches the budget line at one point. The point where an IC just touches (i.e., is tangential) to the budget curve is the bundle that provides the highest utility within the constraints of a budget (starting at ... Web2. Can an indifference curve cross itself? For example, could Figure 3.2 depict a single indifference curve?

Answered: Show that an indifference curve… bartleby

WebMar 28, 2024 · According to Digital Economist, indifference curves do not intersect due to transitivity and non-satiation. In order for two curves to intersect, there must a common reference point. That is impossible with indifference curves. Transitivity means that consumers make rational decisions when they determine which good and how much of a … WebMore is better implies indifference curves are downward sloping. Similarly, consider figure 1.3. In this figure, there are two indifference curves that cross. Now consider bundle [latex]A[/latex] on one of the indifference … green line cafe philly

Indifference curve can cross itself? - Answers

WebOct 4, 2012 · 3) Represents a fixed utility value (and therefore can never intersect another indifference curve). 4) Is considered equally optimal any where on the curve. 5) The lower the indifference curve is ... WebNov 18, 2024 · Solution: Yes, an indifference curve can cross itself only in the case of assumption where the consumer preference violates the monotone preference assumption but it just the indifference curve cannot cross the another new higher or lower level indifference curve because every indifference curve shows the consumer different … WebA: there must be a kink in the indifference curves. B: indifference curves must be straight lines. C: if two bundles are indifferent, then an average of the two bundles is worse than either one. D: The marginal rate of substitution is constant along indifference curves. green line calgary wiki