100+ Indifference curve map PowerPoint (PPT) Presentations, Indifference curve map PPTs

Indifference curve map - PowerPoint PPT Presentation

Consumer Theory

Consumer Theory. What is Consumer Theory?. Study of how people use their limited means to make purposeful choices. Assumes that consumers understand their choices (possibilities) and the prices (opportunity costs) associated with each choice.

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597 views • 49 slides

Indifference Curves

Indifference Curves. An indifference curve shows a set of consumption bundles among which the individual is indifferent. Quantity of Y. Combinations (X 1 , Y 1 ) and (X 2 , Y 2 ) provide the same level of utility. Y 1. Y 2. U 1. Quantity of X. X 1. X 2. Marginal Rate of Substitution.

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3.13k views • 24 slides

Indifference Curves

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617 views • 24 slides

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Indifference curve map - PowerPoint PPT Presentation

Consumer Theory

Indifference Curves

Indifference Curves