Explain what an indierence curve

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Indierence Curves

1. Explain what an indierence curve is.

2. Explain why an indierence curve always has a negative slope.

3. Indierence curves are concentric to each other. What does an indierence \above" another indierence curve indicate?

4. Can an indierence curve bend up? Explain why or why not.

5. Can indierence curves cross? Explain why or why not.

Reference no: EM13853211

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