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indifference curve Syllabification: in·dif·fer·ence curve

Definition of indifference curve in English:


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.
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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