Questions

The indifference curves cannot intersect each other.

Higher indifference curve represents a higher level of satisfaction because higher IC means a bundle consisting more of both the goods or same quantity of one good n more quantity of the other good .Hence statement 2 is correct and 3 is incorrect.

Indifference curves is convex to the point of origin because of diminishing Marginal Rate of Substitution.

The phrase ‘between the cup and lip’ needs to be replaced with ‘between the cup and the lip’. It means a situation where things did not happen at the last minute the way they were expected to due to unforeseen reasons. Thus, the correct formation would be, ‘There is many a slip between the cup and the lip’.

‘One of the assistant’ needs to be replaced with ‘one of the assistants’ to make the sentence grammatically and contextually correct. This is because, ‘One of’ is always followed by a plural noun.