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Indifference Curve

Indifference Curve

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Published by neha160

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Published by: neha160 on Nov 29, 2009
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01/15/2013

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PPA 723: ManagerialEconomics
Lecture 5:Indifference Curves
The Maxwell School, Syracuse UniversityProfessor John Yinger 
 
Managerial Economics, Lecture 5: Indifference Curves
Outline
Properties of Consumer Preferences
Indifference Curves
 
Managerial Economics, Lecture 5: Indifference Curves
Tastes
Individual tastes (preferences) determinethe pleasure people derive from differentgoods and services
Our objective is to determine how aconsumer’s tastes influence its decisions(positive analysis), not to judge tastes(normative).

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