Question

Why does higher ic represent higher rate of satisfaction

Answer 1

An indifference curve【I C 】, which is nearer to the point of origin represents smaller combinations of the two commodities, while an indifference curve farther from the point of origin represents larger combinations. Larger combinations of the two commodities provide  greater satisfaction than the smaller combinations of the same commodities. Therefore, greater is the distance of an indifference curve from the point of origin, higher it will be in the consumer's preferential order. In other words, an indifference curve that lies above and to the right of another indifference curve denotes preferred  combinations of commodities and thus yields higher satisfaction.