Indifference curves are a tool to help us understand the benefits to a consumer of the options available to them. On a simple graph a line is drawn connecting all the points where the choices provide the same level of utility. They curve because of the marginal rate of utility, and they help us understand consumer demand.

All video footage in this video is copyright free and comes from pexel.com or pixabay.com.

Please subscribe to the channel and like the video if you found this video useful, it helps us grow, and please comment with any questions or suggestions, we would like to hear from you.

свернуть