Question

Indifference curve was first introduced by
a. Hicks
b. Allen
c. Keynes
d. Edgeworth

Answer 1

(a)The indifference curve was first introduced by Hicks.

In Economics, an indifference curve is well known to connect various points on a graph thus representing variable quantities of two goods and points between which a consumer remains indifferent.

The consumer hardly has any preference for a particular combination of goods over a variable combination on same curve.

It is considered to be the locus of various points showing reflecting variable combinations of two variable goods that provide equal utility to the consumer.