A curve used in economics which shows how consumers would react to different combinations of products. On the graph, a quantity of one product appears on the x axis and a quantity of another product appears on the y axis. Consumers would be equally satisfied at any point along a given curve, as each point brings the same level of utility to that consumer. The slope of the curve is referred to as the marginal rate of substitution.
Related information about indifference curve:
- Indifference curve - Wikipedia, the free encyclopedia
In microeconomic theory, an indifference curve is a graph showing different bundles of goods between which a consumer is indifferent. That is, at each point on ...
- Indifference Curve Definition | Investopedia
A diagram depicting equal levels of utility (satisfaction) for a consumer faced with various combinations of goods.
- Indifference Curve Graph - YouTube
Oct 30, 2009 ... How to make an indifference curve with the given data.
- Indifference Curves - How Do I Use and Understand Them?
[A:] Great question! We'll go through indifference curves through the use of an example. The economics glossary has a economic definition of indifference curve , ...
- Indifference Curve Analysis - Oxford University Press
The gradient of an indifference curve is given by the Marginal Rate of Substitution (MRS). This shows the amount of product A a consumer would be prepared to ...
- Types of Indifference Curves | Microeconomics | Khan Academy
Each point on an indifference curve is a combination of two goods that would provide the same ... Consider the indifference curve of ice creams and cold coffee .
- Indifference Curve Analysis - WikiEducator
Apr 15, 2012 ... In Microeconomics, the Indifference Curve Analysis is an important analytical tool in the study of consumer behaviour. The indifference curve ...
- indifference curve (economics) -- Britannica Online Encyclopedia
In economics, graph showing various combinations of two things (usually consumer goods) that yield equal satisfaction or utility to an individual. Developed by ...