1.INDIFFERENCE CURVE ANALYSIS DR. LAXMI NARAYAN YADAV ASSISTANT PROFESSOR OF ECONOMICS GOVT. P.G. COLLEGE MAHENDERGARH, HARYANA 2. OBJECTIVES To Understand the Conditions…
Four key elements in consumer choice Consumer’s income Prices of goods Consumer preferences The assumption that consumers maximize utility ©McGraw-Hill Education, 2014…
Slide 1 © Pilot Publishing Company Ltd. 2005 Indifference Curve © Pilot Publishing Company Ltd. 2005 U=10 An indifference curve (IC, )is a line joining all the points (representing…