| 单词 | indifference curve |
| 释义 | indifference curve noun[C] ECONOMICS,GRAPHS & CHARTSukusalineon agraphjoiningpointswhere aconsumerhas anequallevelofsatisfactionfromparticularquantitiesof twoproducts, whenquantitiesof oneproductareshownon theverticalaxisand the other on thehorizontalaxis Examplesofindifference curveindifference curve Higher theindifferencecurve, higher is the level of utility derived by the manager. From Wikipedia  This example is from Wikipedia and may be reused under a CC BY-SA license.Later work attempted to generalize to theindifferencecurveformulations of utility and marginal utility in avoiding unobservable measures of utility. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.That is, theindifferencecurvetangent to the budget constraint represents the maximum utility obtained utilizing the entire budget of the consumer. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Imperfect substitutes have a lesser level of substitutability, and therefore exhibit variable marginal rates of substitution along the consumerindifferencecurve. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Their method avoided the measurability of utility by constructing some abstract "indifferencecurvemap". From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Hence the manager would try to be on the highest level ofindifferencecurvepossible given the constraints. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.While anindifferencecurvemapping helps to solve the utility-maximizing problem of consumers, the isoquant mapping deals with the cost-minimization problem of producers. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Theindifferencecurveof a perfect complement will exhibit a right angle, as illustrated by the figure at the right. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.In two dimensional case, the indifference curves are parallel; which is useful because the entire utility function can be determined from a singleindifferencecurve. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Utility functions "g" and "u" give rise to identicalindifferencecurvemappings. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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