In this schedule, our consumer feels indifferent whether he gets the 1st combination (15A+IM) or the...
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In this schedule, our consumer feels indifferent whether he gets the 1st combination (15A+IM) or the 2nd, 3rd, 4th of 5th combination. The total satisfaction is same in all these combinations. We can translate this schedule into a diagram me and thus get an indifference curve (IC). Combinations I - +6 4 Indifference Schedule Apples 15 11 8 6 5 Mangoes (Y) I 2 3 5 In this schedule, our consumer feels indifferent whether he gets the 1st combination (15A+IM) or the 2nd, 3rd, 4th of 5th combination. The total satisfaction is same in all these combinations. We can translate this schedule into a diagram me and thus get an indifference curve (IC). Combinations I - +6 4 Indifference Schedule Apples 15 11 8 6 5 Mangoes (Y) I 2 3 5
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Taxes And Business Strategy A Planning Approach
ISBN: 9780132752671
5th Edition
Authors: Myron Scholes, Mark Wolfson, Merle Erickson, Michelle Hanlon
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