Sign in via your Institution. You could not be signed in, please check and try again. Sign in with your library card Please enter your library card number. Related Content Related Overviews utility utility function good. Show Summary Details Overview indifference curve. Indifference Curves. Reference entries indifference curve in A Dictionary of Economics 3 Length: words. All rights reserved. Sign in to annotate. If the answer is not available please wait for a while and a community member will probably answer this soon.
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Start Your Infinity Experience. Forgot Password. Enter OTP. Abhishek Choudhary. Firoj Khan. Dilpreet Singh. Marginal standing facility MSF is a window for banks to borrow from the Reserve Bank of India in an emergency situation when inter-bank liquidity dries up completely. Description: Banks borrow from the central bank by pledging government securities at a rate higher than the repo rate under liquidity adjustment facility or LAF in short.
The MSF rate is pegged basis points or a percentage. Description: If the prices of goods and services do not include the cost of negative externalities or the cost of harmful effects they have on the environment, people might misuse them and use them in large quantities without thinking about their ill effects on the env. It is an indicator of the efficiency with which a company is deploying its assets to produce the revenue. Asset turnover ratio can be different fro.
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Malaria Mukt Bharat. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. An indifference curve, with respect to two commodities, is a graph showing those combinations of the two commodities that leave the consumer equally well off or equally satisfied—hence indifferent—in having any combination on the curve.
Indifference curves are heuristic devices used in contemporary microeconomics to demonstrate consumer preference and the limitations of a budget. Economists have adopted the principles of indifference curves in the study of welfare economics. Standard indifference curve analysis operates on a simple two-dimensional graph.
Each axis represents one type of economic good. Along the indifference curve, the consumer is indifferent between any of the combinations of goods represented by points on the curve because the combination of goods on an indifference curve provide the same level of utility to the consumer.
For example, a young boy might be indifferent between possessing two comic books and one toy truck, or four toy trucks and one comic book so both of these combinations would be points on an indifference curve of the young boy. Indifference curves operate under many assumptions; for example, typically each indifference curve is convex to the origin, and no two indifference curves ever intersect. Consumers are always assumed to be more satisfied when achieving bundles of goods on indifference curves that are farther from the origin.
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