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o Indifference curves are curves that have a negative slope and are bowed inward. Each point on the line has the same exact util value. In other words, a person would be the same amount of "happy" at each point on the indifference curve. There are an infinite amount of indifference curves on every graph.

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Q: What are indifference curves explain it using a graph?
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Why is the Graph of the Indifference Curve Convex to the Origin and not Concave?

an indifference curves are convex not concave bcz: when we are using the two coomodities, both are sbtitute to each other, consumer will either use one or the other, he has to select one according to his taste, so MRS is diminishing, 2. the indifference curves are convex to the ogigan, this implies that the slope of IC is decreased as we move from let to right in the graph. this axom is derved from the point that MRS s decreasing. an indifference curves are convex not concave bcz: when we are using the two coomodities, both are sbtitute to each other, consumer will either use one or the other, he has to select one according to his taste, so MRS is diminishing, 2. the indifference curves are convex to the ogigan, this implies that the slope of IC is decreased as we move from let to right in the graph. this axom is derved from the point that MRS s decreasing.


Using indifference curve analysisshow that income subsidy provided to the poor involves lower financial burden to the govt than excise subsidy for a given increases in consumption of poor families.?

lol, do you go to university in western australia?


Producers can use a production possibilities frontier for what purposes?

A production possibilities frontier, or PPF, is a curve graph which shows combinations of two or more goods or services. The graph shows these goods or services being produced while using a maximum amount of resources.


Why does the price of airline tickets rise during the summer months explain using supply and demand graph?

because, thats when people want to go during their summer break so airlines cost more


What is the difference between a production function and an isoquant?

A Production function tells you how much output you can produce for every combination of inputs.An Isoquant is a curve that shows all possible combinations of input that yield the same output Example of production function:(Q = output L= Labor K = Capital)Q = K + 5Lfor the isoquant for example, using the production function above, we want to find which levels of input would yield Q = 2020 = K + 5Lif K = 5, then L = 3 and if K = 10, then L = 2, your output would still be the same and that's your isoquant.But for your production function your output can have different values so you'd have multiple isoquant curves and multiple isoquant curves already describe an isoquant map (Isoquant map - shows a number of isoquant curves in a single graph, describing a production function)Hope my explanation wasn't too confusing...

Related questions

Why is the Graph of the Indifference Curve Convex to the Origin and not Concave?

an indifference curves are convex not concave bcz: when we are using the two coomodities, both are sbtitute to each other, consumer will either use one or the other, he has to select one according to his taste, so MRS is diminishing, 2. the indifference curves are convex to the ogigan, this implies that the slope of IC is decreased as we move from let to right in the graph. this axom is derved from the point that MRS s decreasing. an indifference curves are convex not concave bcz: when we are using the two coomodities, both are sbtitute to each other, consumer will either use one or the other, he has to select one according to his taste, so MRS is diminishing, 2. the indifference curves are convex to the ogigan, this implies that the slope of IC is decreased as we move from let to right in the graph. this axom is derved from the point that MRS s decreasing.


How can economist visualize equilibrium price?

Economists can visualize equilibrium price using a supply and demand graph. The point where the supply and demand curves intersect represents the equilibrium price. It shows the price at which the quantity demanded by consumers matches the quantity supplied by producers, resulting in a market balance.


Use indifference in a sentence?

i am using the word indifference in a sentence. ^^ there you go this isn't a sentence. for ex: the girl is indifference in her sex


How can you help answer more questions?

Hope someone who can explain to me in detail as possible 1.Using the MEDF-MEAF approach draw the graph and carefully show and explain why too abatement leads to a decrease in overall social welfare . On second graph show and carefully explain why too little abatement also leads to a decrease in overall social welfare.2. Draw a graph and show and explain the amount of emissions we get, as well as the losses to society as a whole, if we incorrectly overestimate the willingness to pay for a clean environment, draw another graph and show and explain the amount of emissions we get, as well as the losses to society, if we incorrectly underestimate the willingness to pay for a clean environment3.draw a graph and discuss the use of a tax to decrease emissions and the incentive effect of the tax to potentially reduce emissions either totally or in part(and reveal higher output) relative to the pure tax payment effect. Make sure label all the curves and relevant points on it.


Sentence using depraved?

The man had a depraved indifference to human life.


What is a graph that displays data using line segments?

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Derivation of demand curve using the indifference curve approach?

The derivation of an individual consumer demand curve can be done using the indifference curve approach. This is done by preparing the demand schedule of a consumer from the price consumption curve.


How are a bar graph and a line graph different?

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What is graph that displays data using line segments?

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Using the graph ,how many bags of chips are there with 15hot chocolates?

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How do you draw a coordinate graph?

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