Category: ECONOMICS

PROPERTIES OF INDIFFERENCE CURVES ANALYSIS | INDIFFERENCE CURVES

PROPERTIES OF INDIFFERENCE CURVES ANALYSIS | INDIFFERENCE CURVES

What are the Properties of indifference curves? The properties of indifference curves analysis are considered to be a superior approach to the determination of consumer’s Equilibrium than Marshallian utility analysis. The comparison of the two analyses regarding properties of indifference curves are as follows; PROPERTIES OF INDIFFERENCE CURVES 1. MORE REALISTIC APPROACH The indifference curves…

By Free Online Notes January 14, 2018 Off