BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The indifference curve is downward-sloping. The slope of the indifference curve is convex. Curves plotted higher and farther to the right correspond with higher levels of utility. Various indifference curves can never cross or overlap.

Detailed explanation-2: -Indifference curves slope downward because, if utility is to remain the same at all points along the curve, a reduction in the quantity of the good on the vertical axis must be counterbalanced by an increase in the quantity of the good on the horizontal axis (or vice versa).

Detailed explanation-3: -As two indifference curves cannot represent the same level of satisfaction, they cannot intersect each other. It means only one indifference curve will pass through a given point on an indifference map.

Detailed explanation-4: -Indifference curves slope downwards. The only way an individual can increase consumption in one good without gaining utility is to consume another good and generate the same amount of utility. Therefore, the slope is downwards sloping. Indifference curves assume a convex shape.

Detailed explanation-5: -Every point on the indifference curve would be a point where the consumer is indifferent. The indifference curve is downward sloping because for the consumer to purchase of more of some good, it has to give up some of another good.