What does indifference curve mean?
Definitions for indifference curve
in·dif·fer·ence curve
This dictionary definitions page includes all the possible meanings, example usage and translations of the word indifference curve.
Wiktionary
indifference curvenoun
a graph showing different bundles of goods, each measured as to quantity, between which a consumer is indifferent.
Wikidata
Indifference curve
In microeconomic theory, an indifference curve is a graph showing different bundles of goods between which a consumer is indifferent. That is, at each point on the curve, the consumer has no preference for one bundle over another. One can equivalently refer to each point on the indifference curve as rendering the same level of utility for the consumer. Utility is then a device to represent preferences rather than something from which preferences come. The main use of indifference curves is in the representation of potentially observable demand patterns for individual consumers over commodity bundles. There are infinitely many indifference curves: one passes through each combination. A collection of indifference curves, illustrated graphically, is referred to as an indifference map.
Numerology
Chaldean Numerology
The numerical value of indifference curve in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of indifference curve in Pythagorean Numerology is: 5
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"indifference curve." Definitions.net. STANDS4 LLC, 2024. Web. 16 Sep. 2024. <https://www.definitions.net/definition/indifference+curve>.
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