Economy, asked by swetha11july2001, 1 year ago

Why does an indifference curve to the right show higher utility?

Answers

Answered by shanjaysundar2000
0

AS INDIFFERENCE CURVE SHOWS DIFFERENT COMBINATION OF TWO GOODS THAT GIVE EQUAL LEVEL OF SATISFACTION  TO A CONSUMER .

AN IC TO THE RIGHT SHOWS HIGHER LEVEL OF SATISFACTION  AS POINTS ON IC EITHER SHOW MORE OF ONE GOOD WITH LESS OF OTHER  OR MORE OF BOTH GOODS.

SO AN IC TO THE RIGHT SHOW HIGHER UTILITY.

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