curves never cross curves are not always parallel?


curves never cross curves are not always parallel?

Author
Message
lnExp
Forum Newbie
Forum Newbie (4 reputation)Forum Newbie (4 reputation)Forum Newbie (4 reputation)Forum Newbie (4 reputation)Forum Newbie (4 reputation)Forum Newbie (4 reputation)Forum Newbie (4 reputation)Forum Newbie (4 reputation)Forum Newbie (4 reputation)

Group: Forum Members
Posts: 4, Visits: 1
Question 3.1: Indifference Curves

All but which of the following are true regarding indifference curves?

An indifference curve is a locus of points that are equally desirable to the consumer.

Indifference curves for a single consumer cannot cross.

Indifference curves for a single consumer are always parallel.

A single consumer has an infinite number of indifference curves.

Indifference curves for two goods are downward sloping.



Answer 3.1: C

Know the four attributes of indifference curves in A, B, D, and E, and know that indifference curves are not necessarily parallel.

About this question, I felt that all choice statement are true.

Considering the truth that all curves should never cross each other, it does mean that all curves should be parallel all the time, otherwise, there exist some points in the plane which 2 of curves cross each other.

Why C is false?

Chances favor the prepared mind...
GO
Merge Selected
Merge into selected topic...



Merge into merge target...



Merge into a specific topic ID...






Reading This Topic


Login
Existing Account
Email Address:


Password:


Social Logins

  • Login with twitter
  • Login with twitter
Select a Forum....













































































































































































































































Neas-Seminars

Search