Management Notes

Reference Notes for Management

Higher the indifference curve yields higher level of satisfaction .Why? – Microeconomics | Management Notes

Higher the indifference curve yields higher level of satisfaction .Why?
Cardinal Utility Approach | Microeconomics
Management Notes

Ans) Higher the indifference curve contains more units of at least one good. More is preferred to less. Therefore,higher indifference curve yields higher level of satisfaction.

Leave a Comment