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Indifference curve

In economics, an indifference curve connects points on a graph representing different quantities of two goods, points between which a consumer is indifferent. That is, any combinations of two products indicated by the curve will provide the consumer with equal levels of utility, and the consumer has no preference for one combination or bundle of goods…

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Map and properties

Assumptions of consumer preference theory

Preference relations and utility

Criticisms

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Indifference curve

Nodes71
Edges70
Triples69
Avg. degree1.97
Density0.028169
Components1

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Indifference curve

Top relations

related to Examples of indifference curves · 18
Indifference curve → An, As, Beattie-LaFrance, Cobb, Douglas, Expansion, Figure, For, Goods, I1, I2, I3, In Figure, Income, Indifference, Leontief, The, Three
related to Further reading · 15
Indifference curve → Applied Economic Perspectives, Australasian Journal, Beattie, Behavioral Indifference Curves, Bruce, Demand, Diminishing Marginal Utility, Economics Education, Jeffrey, Komlos, LaFrance, PDF, Policy, S2CID, The Law
related to Application · 10
Indifference curve → Budget, Consumer, First, For, Now, Price-consumption, Stated, The, These, This
related to history · 7
Indifference curve → Allen, Francis Ysidro Edgeworth, Hicks, Later, The, Vilfredo Pareto, William Stanley Jevons
related to Criticisms · 6
Indifference curve → Fischel, Hanemann, He, Herbert Hovenkamp, Indifference, WTA
related to Map and properties · 5
Indifference curve → Each, If, Indifference, Points, The
is a · 2
Indifference curve → locus of various points showing different combinations of two goods providing equal utility to the consumer, model for how animals 'decide' whether to perform a particular behavior
related to Preference relations and utility · 1
Indifference curve → Choice
see also · 1
Indifference curve → Budget

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Important terminology

indifference utility curve curves consumer displaystyle one marginal good goods slope substitution two preferences preference point left right different theory

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Indifference curveis alocus of various points showing different combinations of two goods providing equal utility to the consumer0.90text
Indifference curveis amodel for how animals 'decide' whether to perform a particular behavior0.90text
J.Rinstance ofLater economists0.80text
2 applesinstance ofis another combination0.80text
2 bananas.A preference relationinstance ofis another combination0.80text
denotedinstance ofis another combination0.80text
Indifference curverelated to ApplicationConsumer0.60section
Indifference curverelated to ApplicationFor0.60section
Indifference curverelated to ApplicationFirst0.60section
Indifference curverelated to ApplicationBudget0.60section
Indifference curverelated to ApplicationThis0.60section
Indifference curverelated to ApplicationThe0.60section

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