Indifference Curve Analysis

Watch this video to review indifference curves and obtain consumer equilibrium. This equilibrium shows the optimal consumer choice and is mathematically determined by the tangency condition between the budget line and the indifference curve.

 

Source: Mary J. McGlasson, https://www.youtube.com/watch?v=-IzoID3Bx-0&list=PL336C870BEAD3B58B&index=21
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Last modified: Thursday, November 16, 2023, 3:25 PM