Hlojiii....,,, Assumptions of IC??? urgent..
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6
Heya....
IC is stands for Indifference Curve....
It is the curve showing the different combinations of two goods that gives equal level of satisfaction to the consumer......
--->>> Assumptions of IC are....
* Consumer should be rationale means wants maximum satisfaction....
* Income of the consumer remains constant....
* Ordinal measurement should be estimated....
* Consumer's scale should be clear what he choose in which Quantity...
* Monotonic Preferences should holds satisfaction.....
IC is stands for Indifference Curve....
It is the curve showing the different combinations of two goods that gives equal level of satisfaction to the consumer......
--->>> Assumptions of IC are....
* Consumer should be rationale means wants maximum satisfaction....
* Income of the consumer remains constant....
* Ordinal measurement should be estimated....
* Consumer's scale should be clear what he choose in which Quantity...
* Monotonic Preferences should holds satisfaction.....
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❄❄❄ HEYA BUDDY ❄❄❄
✨ YOUR ANSWER
__________
Assumptions are "-
1)Consumer should be rationale means wants maximum satisfaction
2)Income of the consumer remains constant
3)Ordinal measurement should be estimated
4)Consumer's scale should be clear what he choose in which Quantity
5)Monotonic Preferences should holds satisfaction
____________
☣ hoPe it hEplS ️❤
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