bn:03217355n
Noun Concept
Categories: Consumer theory, Utility, Economics curves, 1881 in economics, Family economics
EN
indifference curve  indifference curves  indifference map  Iso-utility curve  Iso-utility curves
EN
In microeconomic theory, a graph showing different bundles of goods between which a consumer is indifferent. Open English WordNet
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EN
In microeconomic theory, a graph showing different bundles of goods between which a consumer is indifferent. Open English WordNet
In economics, an indifference curve connects points on a graph representing different quantities of two goods, points between which a consumer is indifferent. Wikipedia
A graph showing different bundles of goods, each measured as to quantity, between which a consumer is indifferent. Wiktionary
EN
Since every (X , Y) combination will have an indifference curve passing through it, we can add a third axis stretching upward from the bottom left corner of the figure measuring the degree to which the individual's preferences are satisfied, and visualize the infinitely many indifference curves as representing a smooth surface that rises as the consumption of commodities X and Y increase. Open English WordNet