Question

Give the meant by IC in eco?

Answer 1

Heya.....

====== Answer =====

• IC refers to Indifference Curve ...

• It's the curve showing different possible combinations of two goods that give equal level if satisfaction to the consumers....

• It is based on the monotonic Preferences ....

• It's the curve which show the rate at which consumer is willing to subsitute a good for other one...


Thank you

Answer 2

Answer:

Heya.

GD

Y

22 5.0

Answer

• IC refers to Indifference Curve.

. It's the curve showing different possible combinations of two goods that give equal level if satisfaction to the consumers.

. It is based on the monotonic

Preferences.

. It's the curve which show the rate at which consumer is willing to subsitute a good for other one

Thank you