At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Find reliable answers to your questions from a wide community of knowledgeable experts on our user-friendly Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.
Sagot :
Indifference curves illustrate a consumer's preferences.
An indifference curve is a graph that displays possible pairings of two goods or commodities that, when purchased in whatever combination, leave the buyer equally well off or satisfied—thus leaving them indifferent.
Economists use an indifference curve to describe the compromises people make when they are presented with two products they want to purchase. People are limited by their ability to spend money, so they cannot buy everything. A cost-benefit analysis must be taken into account instead. Indifference curves provide a visual representation of this trade-off by displaying the quantities of two different items that give a consumer the same utility.
To learn more about Indifference curves, visit the link below:
brainly.com/question/14514309
#SPJ4
We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.
