Friday, February 1, 2013

Indifference Curve & Consumer Equilibrium with indifference Curve

Indifference Curve:
“A curve which represent various combination of two goods yielding the same level of satisfaction.”
Consumer Equilibrium with indifference Curve:

Schedule

Baskets Good Y Good X
A             10          2
B               8          4
C              6          6
D              4          8
E              2        10


Diagram:

 


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