What are Indifference curve?
How consumer attains equilibrium through ordinal utility analysis?
Attachments:
Answers
Answered by
8
Answer:
An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. Each point on an indifference curve indicates that a consumer is indifferent between the two and all points give him the same utility.
Answered by
1
In mathematics, the Pythagorean theorem, also known as Pythagoras's theorem, is a fundamental relation in Euclidean geometry among the three sides of a right triangle. It states that the area of the square whose side is the hypotenuse is equal to the sum of the areas of the squares on the other two sides.
Similar questions