Assignment Help - homework help

  Indifference curve

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.

1080_indiffernce curve1.jpg

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.

1937_indiffernce map.jpg

 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.
Home | Company Overview | Services | Discover Q&A | Sitemap | Contact Us | T & C | Refund Policy | Copyright Policy | Blog | Q&A | Directory

©TutorsGlobe All rights reserved 2022-2023.