Fig' A'1 An Indifference Curve - PowerPoint PPT Presentation

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Fig' A'1 An Indifference Curve

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3. For Max, points G and H are on the same indifference curve. ... B. A. E. D. 2. but point D--on a higher indifference curve--is preferred. ... – PowerPoint PPT presentation

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Title: Fig' A'1 An Indifference Curve


1
Fig. A.1 An Indifference Curve
1
-9
1
2
Fig. A.2 An Indifference Map
20
G
R
H
11
S
J
6
1
2
3
3
Fig. A.3 Consumer Decision Making With
Indifference Curves
A
B
D
E
4
Fig. A.4 An Increase in Income
H''
H
12
6
D
H'
6
3
5
Fig. A.5 Deriving the Demand Curve
(a)
15
Number of Movies per Month
K
10
8
J
D
6
6
7
10
15
30
3
5
1
2
4
Number of Concerts per Month
D
(b)
30
Price per Concert
25
20
15
J
10
K
5
6
7
10
3
5
1
2
4
Number of Concerts per Month
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