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Needed a Document for Indifference Curve Analysis?
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Needed a Document for Indifference Curve Analysis? Related: Business...
An indifference curve is a graph that shows a combination of two goods that give a consumer equal satisfaction and utility, thereby making the consumer indifferent. Indifference curves are heuristic devices used in contemporary microeconomics to demonstrate consumer preference and the limitations of a budget. Later economists adopted the principles of indifference curves in the study of welfare economics.
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Needed a Document for Indifference Curve Analysis? Related: Business Economics & Finance - Notes & Videos
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