Question: Can an indifference curve cross itself? For example, could Figure 3.2 depict a single indifference curve? Figure 3.2: X2 Alleged indifference curves X1 Indifference curves

Can an indifference curve cross itself? For example, could Figure 3.2 depict a single indifference curve?


Figure 3.2:

X2 Alleged indifference curves X1 Indifference curves cannot cross. If they did, X, Y, Z would all have to be indifferen

X2 Alleged indifference curves X1 Indifference curves cannot cross. If they did, X, Y, Z would all have to be indifferent to each other and thus could not lie on distinct indifference curves. and

Step by Step Solution

3.43 Rating (153 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Yes An indifference ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Intermediate Microeconomics Questions!