Why does an indifference curve never meet?
Submitted by: AdministratorNo indifference curve can intersect because all points on indifference curve are ranked equally preferred and ranked or less more preferred than every other point on the curve.
Submitted by: Administrator
Submitted by: Administrator
Two indifference curve never meet because every point on an indifference curve shows different combimations of commodities which give different level of satisfaction.
In short each ndifference curve shows different level of satisfaction therefore they can never intersect
Submitted by: Shruti Agarwal
In short each ndifference curve shows different level of satisfaction therefore they can never intersect
Submitted by: Shruti Agarwal
Read Online Economics Job Interview Questions And Answers
Top Economics Questions
| ☺ | What is explanatory research? |
| ☺ | What kind of market structure is the automotive industry? |
| ☺ | What is an Oligopoly? |
| ☺ | What is the difference between project proposal and project feasibility study? |
| ☺ | How does outsourcing affect the economy? |
Top Business and Economics Categories
| ☺ | Taxation Interview Questions. |
| ☺ | Economics Interview Questions. |
| ☺ | Accounts Receivable (AR) Interview Questions. |
| ☺ | General Ledger Interview Questions. |
| ☺ | Fixed Assets Interview Questions. |
