Question

Engineering Economics

1. Which of the following is/are not true about Indifference Curve? (more than one may becorrect, select all correct answers for full credit)

c. Utility remains constant along any given indifference curve.

f. Indifference curves for Perfect Substitutes are L-shaped.

a. Every indifference curve corresponds to one combination of good x and y.

b. An individual is indifferent between any two points on a given indifference curve.

d. Indifference curves between a good and bad are upward-sloping.

e. Indifference curves cannot cross as long as the individual has consistent preferences.Indiffchaned


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