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What is the different between indifference map and indiffirence curve?
Indifference curve is a curve that shows consumption bundles that give the consumer the same level of satisfaction. Indifference map, on the other hand Indifference curve is a graph of two or more indifference curves.
What are the factors that affect indifference curve?
Indifference curves are affected by several factors, including the consumer's preferences, the availability of goods, and the substitution effects between different goods. Changes in income can shift the curves outward or inward, reflecting the consumer's purchasing power. Additionally, the shape of the indifference curve can vary based on the degree of substitutability between the goods, which can be influenced by individual tastes and the nature of the goods themselves.
Features of indifference curve?
two indifference curve never cut each other..
What is shape of indifference curve?
what will be the shape of indifference curve if one of the two goods is a free commodity
Can a single indifference curve cross itself?
a single indifference curve cannot cross itself.
What part of speech is the word indifference?
Indifference is a noun.
What is the prefix of indifference?
The prefix of "indifference" is "in-", which means "not" or "without."
How do you use indifference as a noun in a sentence?
He has a total indifference to public opinion.
What is the different between indifference map and indiffirence curve?
Indifference curve is a curve that shows consumption bundles that give the consumer the same level of satisfaction. Indifference map, on the other hand Indifference curve is a graph of two or more indifference curves.
Why did Robert Frost write out out?
Robert Frost wrote "Out, Out-" as a reflection on the fleeting nature of life and the suddenness of death. The poem serves as a commentary on the tragic and arbitrary nature of accidents. Frost also explores themes of labor, mortality, and the indifference of nature.
Slope of indifference curve?
indifference curves slopes downward to the right
What are the factors that affect indifference curve?
Indifference curves are affected by several factors, including the consumer's preferences, the availability of goods, and the substitution effects between different goods. Changes in income can shift the curves outward or inward, reflecting the consumer's purchasing power. Additionally, the shape of the indifference curve can vary based on the degree of substitutability between the goods, which can be influenced by individual tastes and the nature of the goods themselves.
How can you use indifference to in a sentence?
I cannot suffocate their plea for air with my careless indifference.
Features of indifference curve?
two indifference curve never cut each other..
What is Zone of indifference in customer service?
Zone of indifference is a service level where your customer service is forgettable!
What is shape of indifference curve?
what will be the shape of indifference curve if one of the two goods is a free commodity
Can a single indifference curve cross itself?
a single indifference curve cannot cross itself.
