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Theory of consumer behaviour : Indifference curve approach?
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Theory of consumer behaviour : Indifference curve approach?
An indifference curve is the locus of points – particular combinations or bundles of goods-which yield the same utility (level of satisfaction) to the consumer, so that he is indifferent as to the particular combination he consumes. ... Combinations of goods situated on an indifference curve yield the same utility.
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Theory of consumer behaviour : Indifference curve approach?
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