Question

What is IC ?? Define it meaning

Answer 1

Heya ______

Answer ________

√ IC stands for Indifference Curve ...

√ It is that curve which shows the combination of two goods which gives equal level of satisfaction to the buyers....

√ This curve shows the Marginal Rate of Substitution on the basis of monotonic Preferences...

Thank you

Answer 2

Answer:

Heya

Answer

✓ IC stands for Indifference Curve ...

✓ It is that curve which shows the combination of two goods which gives equal level of satisfaction to the buyers....

✓ This curve shows the Marginal Rate of Substitution on the basis of monotonic Preferences...

Thank you