what is an indifference curve
Answers
Answered by
1
Definition: 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
0
Answer:
An Indifference curve is a locus of points that show the combinations of two goods each of those combinations providing him equal satisfaction.
Similar questions
Hindi,
1 month ago
History,
1 month ago
English,
3 months ago
Environmental Sciences,
3 months ago
English,
8 months ago