Indifference curve:
The data in the indifference schedule can be symbolized in the graph with one commodity on X-axis and other commodity in the Y-axis. The different combinations of the two commodities are plotted and connected to form a curve termed as indifference curve. In figure IC is an indifference curve exhibiting combinations of the two commodities specified in the schedule.
Figure: Indifference Curve
Every point on this curve gives equivalent level of satisfaction to the consumer. Indifference curve is otherwise termed as ‘iso–utility curve’.Indifference Map:
Indifference Map is a class of indifference curves for two commodities exhibiting different levels of satisfaction. In this indifference map, it must be clearly understood that a higher indifference curve symbolizes higher level of satisfaction and a lower indifference curve symbolizes lower level of satisfaction. Being rational, the consumer will always select a higher indifference curve to acquire maximum satisfaction, other things being equivalent.
Figure: Indifference Map
Latest technology based Economics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Theory of Consumer Behavior help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Theory of Consumer Behavior, project ideas and tutorials. We provide email based Theory of Consumer Behavior help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Theory of Consumer Behavior. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Theory of Consumer Behavior. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
The dissimilar areas to be covered are relies on requirement of uniformity in the reporting and accuracy of the comparison needed through the various units participated in the uniform costing system.
Biology of Major Economically Important Insects tutorial all along with the key concepts of Economic Classification of Insects, Injurious Insects, Beneficial Insects, Helpful Insects, Household and Disease Carrying Insects, Biology of a Honey Bee and Life cycle of a Honey Bee
tutorsglobe.com cost of debt assignment help-homework help by online capital structure tutors
tutorsglobe.com action of enzyme assignment help-homework help by online enzymes tutors
theory and lecture notes of production theory all along with the key concepts of production technology, tpl, mpl and apl, diminishing marginal returns. tutorsglobe offers homework help, assignment help and tutor’s assistance on production theory.
tutorsglobe.com parathyroid gland assignment help-homework help by online co-ordination systems tutors
tutorsglobe.com wastages of monopolistic competition assignment help-homework help by online monopolistic competition tutors
tutorsglobe.com formation of niacin assignment help-homework help by online protein metabolism tutors
Genetic variation tutorial all along with the key concepts of Types of variation, Discontinuous Variation, Continuous Variation, Influence of the Environment and Sources of Variation
Protozoa tutorial all along with the key concepts of Locomotor structures, Food gathering structures, Osmoregulatory structures, Protective Structures, Life cycle phases-Protozoa and Protozoan Reproduction
tutorsglobe.com cell theory assignment help-homework help by online cell biology tutors
Cost Audit Programmes - Inventory, Opening and closing stocks, Stores issue procedure, Work-in-progress, Labour, Capacity utilisation, Overheads.
to learn the two inputs of the arithmetic circuits of half adder, full adder and flip flops using ics.
tutorsglobe.com land assignment help-homework help by online kinds of factors of production tutors
a simple example of a full-duplex communication system even though full-duplex is not general in shown handheld radios because of the cost and complexity of general duplexing methods.
1930867
Questions Asked
3689
Tutors
1488231
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!