A higher indifference curve showsa)A higher level of satisfactionb)A higher level of productionc)A higher level of incomed)None of the above.Correct answer is option 'A'. Can you explain this answer?

Question

Answer

Because more we consume one good , their will be sacrifice of other good . As we consume more and more we are satisfying ourselves more

Answer

Dissatisfaction.
b)The more likely the customer is to recommend the product.
c)The higher the customer loyalty.
d)The greater the likelihood of repeat purchases.

Answer

Bablu kumar

Answer

A higher indifference curve shows

A higher level of satisfaction

An indifference curve represents a combination of goods or services that a consumer considers equally desirable or satisfying. A higher indifference curve indicates that the consumer has reached a higher level of satisfaction with their chosen combination of goods or services. This can be explained through the following points:

Preference: Indifference curves are used to illustrate a consumer's preferences. A higher indifference curve implies that the consumer prefers the combination of goods or services on that curve over those on a lower curve.
Utility: Utility is a measure of the satisfaction a consumer derives from consuming goods or services. A higher indifference curve corresponds to a higher level of utility, indicating that the consumer is more satisfied with the goods or services on that curve.
Non-satiation: The principle of non-satiation assumes that consumers always prefer more of a good or service to less, assuming all else remains constant. Therefore, a higher indifference curve represents a higher level of overall satisfaction, as the consumer has more of one or both goods or services.
Marginal rate of substitution: The slope of an indifference curve represents the marginal rate of substitution (MRS) between two goods or services. A higher indifference curve suggests that the consumer is willing to give up less of one good or service to obtain more of the other, indicating a higher level of satisfaction.

It is important to note that a higher indifference curve does not necessarily imply a higher level of production or income, as these factors may be unrelated to the consumer's preferences and satisfaction levels.

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