What Is Indifference Curve In Economics
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What Is Indifference Curve In Economics
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Web An indifference curve is a graphical representation of various combinations or consumption bundles of two commodities It provides equivalent satisfaction and utility levels for the consumer It makes the consumer indifferent to any of the combinations of goods shown as points on the curve ;An indifference curve is a contour line where utility remains constant across all points on the line. In economics, an indifference curve is Corporate Finance Institute Menu All Courses Certification Programs Compare Certifications FMVA®Financial Modeling & Valuation Analyst CBCA®Commercial Banking & Credit Analyst
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What Is Indifference Curve In Economicsindifference curve, in economics, graph showing various combinations of two things (usually consumer goods) that yield equal satisfaction or utility to an individual. Web In economics an indifference curve connects points on a graph representing different quantities of two goods points between which a consumer is indifferent That is any combinations of two products indicated by the curve will provide the consumer with equal levels of utility and the consumer has no preference for one combination
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