yes
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.
two indifference curve never cut each other..
what will be the shape of indifference curve if one of the two goods is a free commodity
a single indifference curve cannot cross itself.
The three major characteristics of an indifference curve are: 1. They are negatively sloped 2. They are convex to the origin 3. Indifference curve cannot be intersected
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.
The bell curve graph is another name for a normal (Gaussian) distribution graph. A Gaussian function is a certain kind of function whose graph results in a bell-shaped curve.
The shaped graph that is associated with polygenic inheritance is a bell curve graph. The majority of these graphs are also combined with a bar graph under the curve.
Indifference curves can indeed be used to depict different kinds of preferences. An indifference curve is really a graph that is used to show different bundles of goods.
two indifference curve never cut each other..
what will be the shape of indifference curve if one of the two goods is a free commodity
a single indifference curve cannot cross itself.
The three major characteristics of an indifference curve are: 1. They are negatively sloped 2. They are convex to the origin 3. Indifference curve cannot be intersected
A bell curve shaped graph
Explain the consumer equilibrium with the help of indifference curve?
the indifference curve has its usual negatively sloping shape
The derivation of an individual consumer demand curve can be done using the indifference curve approach. This is done by preparing the demand schedule of a consumer from the price consumption curve.