What are characteristics of an indifference curve?

Answer

Some characteristics of an indifference curve include a lack of intersection and being convex near the origin. A negative slope is another characteristic. Utility maximization is another important subject matter regarding the curves.
Q&A Related to "What are characteristics of an indifference..."
indifferent curves are convex to their origin, they do not intersect, and have a negative slope.
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Four of these are, negative slope, higher level, convex to the origin and they cannot intersect.
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In economics, indifference curves are graphical representations of consumer preferences for a bundle of two goods, subject to income constraints. Any single point on an indifference
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In economics, a graph of the various levels of utility achieved at different prices through buying two commodities, for example, magazines and paperback books. It is possible to imagine
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