Question: Is there any difference between the three indifference curve here? Does that mean there are three different types of the utility users? Convexity ensures that

Is there any difference between the three indifference curve here? Does

Is there any difference between the three indifference curve here? Does that mean there are three different types of the utility users?

Convexity ensures that curves do not bend away from the origin. Convexity Property C2 For the three bundles A, B, and C, the convexity property implies that the consumer is indifferent between the balanced B and extremes A&C. Convex preferences mean 100 Indifference curves will not bend away from the origin.50 t- 5 7 C1

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