Definition of indifference curve in English:

indifference curve

Syllabification: in·dif·fer·ence curve

noun

Economics
A curve on a graph (the axes of which represent quantities of two commodities) linking those combinations of quantities that the consumer regards as of equal value.
More example sentences
  • Formally then, utility is maximized at the point where the budget line is tangential to an indifference curve.
  • This, of course, will be determined by their new tangential indifference curve.
  • Moreover, goods and services in early growth stages defy analysis in terms of efficient frontiers and indifference curves.

Definition of indifference curve in:

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