Economy, asked by salome7493, 1 year ago

Explain why an indifference curve to the right shows higher utility level.

Answers

Answered by Akhilrajput1
12

An indifference curve(IC) shows different combination of two goods that gives equal level of satisfaction to a consumer. An IC to the rig​ht ​s​hows ​hig​her level of satisfaction as points on ​hig​her IC either s​hows more of one good with no less of the other or more of bot​h goods. Such consumption bundles are more preferable to a consumer.  


Answered by brainlystargirl
21
Heya...

Indifference curve is the curve that showing the combination of two goods that gives the equal level of satisfaction......

Yeah , at the right side the first IC shows higher level of Utility...

Reason :-

Because at this side the more goods are involved in the combination and according to monotonic Preferences it gives high Utility..

Thank you
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