indifference curve in a sentence

Examples

1. If two goods are perfect complements then the indifference curves will be L-shaped.
2. Indifference curves are typically numbered with the number increasing as more preferred bundles are consumed.
3. Figure 4 : Robinson Crusoe's Maximisation Problem showing his budget line and indifference curve
4. Higher the indifference curve, higher is the level of utility derived by the manager.
5. In the figure, two indifference curves for a particular good X and wealth are given.
6. The negative slope of the indifference curve incorporates the willingness of the consumer to make trade offs.
7. In 1915, Eugen Slutsky derived a theory of consumer choice solely from properties of indifference curves.
8. The consumer will choose the indifference curve with the highest utility that is attainable within his budget constraint.
9. At the budget line B2 and the indifference curve I 4, the consumer will choose X '.
10. Hence the manager would try to be on the highest level of indifference curve possible given the constraints.