Is a consumer better off at a lower point on a higher indifference curve than a higher point on a lower indifference curve? I understand the answer is yes, but I dont understand why....Need a detailed explanation...© BrainMass Inc. brainmass.com October 9, 2019, 6:43 pm ad1c9bdddf
Yes, the consumer will be better off at a lower point on a HIGHER indifference curve than a higher point on a LOWER indifference curve.
By definition, an ...
This post describes an indifference curve.