What is indifference curve?

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Dr. Lokesh Sehgal

Teacher and Mentor for Management Stream. Expert in Personality development, Life coaching skills.

Ic is graphical representation of indifference set of two commodity of customer between them he is neutral.
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An actuarial professional with specialization in economics, mathematics and statistics

What is an indifference curve? An indifference curve is a curve which represents various combinations of goods and/or services which provide equal satisfaction to the consumer.
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Teaching by choice & not by chance, Teaching Doctor!

a curve on graph linking those combinations os quantities which the consumer regards as of equal values. or you can say combination of 2 goods that give the consumrr equal satisfaction and utility
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IMAGINARY CONCEPT
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Musician, Lawyer, Linguist

philosophically or mathematically? :P
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Commerce Guru+German Language

an indifference curve is a graph showing different combinations of goods between which a consumer is indifferent i.e the consumer has no preference. For example-lets take 2 combinations of commodities say apple, mango and orange and grapes. Now suppose by consuming 1 apple and 1 mango gives you a utility(satisfaction)...
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an indifference curve is a graph showing different combinations of goods between which a consumer is indifferent i.e the consumer has no preference. For example-lets take 2 combinations of commodities say apple, mango and orange and grapes. Now suppose by consuming 1 apple and 1 mango gives you a utility(satisfaction) of say 10 and also by consuming 1 orange and a bowl of grapes derives utility of 10. so whether the consumer consumes combination A or B it gives him the same utility(satisfaction) and so the consumer is indifferent about which combination he is consuming. The graphical represention of this is known as indifference curve. read less
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Good teacher

Indifference curve is a graphical representation of set of points of two commodities which gives the consumer equal level of satisfaction.
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Economics expert!

Indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. Definition: An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. Each point on an indifference curve indicates that...
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Indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. Definition: An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. Each point on an indifference curve indicates that a consumer is indifferent between the two and all points give him the same utility. Graphically, the indifference curve is drawn as a downward sloping convex to the origin. The graph shows a combination of two goods that the consumer consumes. read less
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Trainer

An Indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. Each point on an indifference curve indicates that a consumer is indifferent between the two and all points give him the same utility.
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