What Is The Indifferent Point?


1 Answers

amber Jhon Profile
amber Jhon answered
A indifferent point is any point on the indifferent curve. An indifference curve is the graph which shows different bundles of goods, measured in terms of quantities, between which the individuals are indifferent. This is the point at which the consumer has no preference to select the bundle because the consumer gets the same level of utility or satisfaction after selecting any bundle of goods. Indifferent points show the potentially observable demand of patterns for consumers over the selection of the commodities.

Answer Question