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Indifference curve

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Deen Mohammad
Deen Mohammad
Business
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What Does Indifference Curve Mean? A diagram depicting equal levels of utility (satisfaction) for a consumer faced with various combinations of goods. 
As an example, consider the diagram above. This consumer would be most satisfied with any combination of products along curve U3. This consumer would be indifferent between combination Q1a, Q1b, and Q2a, Q2b.

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Indifference curve

  • 1. What Does Indifference Curve Mean? A diagram depicting equal levels of utility (satisfaction) for a consumer faced with various combinations of goods. 
  • 2.
  • 3.
  • 4. As an example, consider the diagram above. This consumer would be most satisfied with any combination of products along curve U3. This consumer would be indifferent between combination Q1a, Q1b, and Q2a, Q2b.