59. Which one of the following is not a feature of Indifference Curve? A.They do not intersect each other B.They slope downwards to the right C.They are parallel to each other D.They are concave to each other
Option D Solution: Indifference curves are usually convex to the origin. In other words, the indifference curve is relatively flatter in its right-hand portion and relatively steeper in its left-hand portion. The degree of convexity of an indifference curve depends on the rate of fall in the marginal rate of substitution.
