Consider the following statements about indifference curves. 1. Indifference curves are convex to the origin. 2. Higher indifference curve represents higher lev

Question

Consider the following statements about indifference curves.
1. Indifference curves are convex to the origin.
2. Higher indifference curve represents higher level of satisfaction.
3. Two indifference curves cut each other.
Which of the statement(s) given above is/are correct?

Accepted Answer

(B) 1 and 2

Answer

(A) Only 1

Answer

(C) 2 and 3

Answer

(D) Only 3