See what we can offer to your school
"SimpleStudy just makes sense...”
Get the best plan for your school
10 cards from this deck
Line showing combinations of 2 goods giving equal satisfaction
Consumer indifferent between combinations on same curve
Downward sloping & convex towards origin
All provide equal satisfaction to consumer
Move to higher curve with greater satisfaction
IC₃ (farthest from origin)
No, curves with different satisfaction levels never cross
Reflects diminishing marginal rate of substitution
Get more of one good by giving up some of the other
Horizontal: good x qty; Vertical: good y qty
Select your subjects, and get access to A+ resources today.