词汇 | indifference-curve |
释义 | indifference curve noun[ C ] ECONOMICS, GRAPHS & CHARTSukus a line on a graph joining points where a consumer has an equal level of satisfaction from particular quantities of two products, when quantities of one product are shown on the vertical axis and the other on the horizontal axis Examples of indifference curveindifference curve Higher the indifferencecurve, higher is the level of utility derived by the manager. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Later work attempted to generalize to the indifferencecurve formulations of utility and marginal utility in avoiding unobservable measures of utility. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. That is, the indifferencecurve tangent to the budget constraint represents the maximum utility obtained utilizing the entire budget of the consumer. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Imperfect substitutes have a lesser level of substitutability, and therefore exhibit variable marginal rates of substitution along the consumer indifferencecurve. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Their method avoided the measurability of utility by constructing some abstract "indifferencecurve map". From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Hence the manager would try to be on the highest level of indifferencecurve possible given the constraints. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. While an indifferencecurve mapping helps to solve the utility-maximizing problem of consumers, the isoquant mapping deals with the cost-minimization problem of producers. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The indifferencecurve of a perfect complement will exhibit a right angle, as illustrated by the figure at the right. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. In two dimensional case, the indifference curves are parallel; which is useful because the entire utility function can be determined from a single indifferencecurve. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Utility functions "g" and "u" give rise to identical indifferencecurve mappings. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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