The shape of an indifference curve is normally known as

1.	The shape of an indifference curve is normally known as
Answer» Answer: Each POINT on an indifference curve indicates that a CONSUMER is indifferent between the two and all points give him the same UTILITY. Description: Graphically, the indifference curve is drawn as a downward sloping convex to the ORIGIN. The graph shows a COMBINATION of two goods that the consumer consumes.

Answer»

Answer:

Each POINT on an indifference curve indicates that a CONSUMER is indifferent between the two and all points give him the same UTILITY. Description: Graphically, the indifference curve is drawn as a downward sloping convex to the ORIGIN. The graph shows a COMBINATION of two goods that the consumer consumes.

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The shape of an indifference curve is normally known as​

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The shape of an indifference curve is normally known as