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Managerial Economics| Indifference curve theory| assumptions| properties |Malayalam

Managerial Economics| Indifference curve theory| assumptions| properties |Malayalam Explained: Assumptions of the indifference curve: 1. The consumer consumes a combination of two goods 2. Non-satiety 3. Ordinal utility 4. Consumer rationality Properties of the indifference curve: 1. Indifference curve slope downwards from left to right 2. Indifference curve is convex to the origin 3.Indifference curves cannot intersect each other 4. Higher indifference curves represent higher level of satisfaction 5. Straight line IC belongs to perfect substitute goods 6.ICs will be rectangular or L shaped in case the two goods are non substitutable or perfect complements. For Complete List of Managerial Economics classes    • Managerial Economics (2024)   For complete list of Business Management classes    • Business Management (2024)   Thanks For Watching Subscribe to become a part of Commerce class partner Like, Comment, Share, and Enjoy the videos. We are on a mission of providing a Free, World-class Education for anyone, anywhere. SUBSCRIBE for awesome videos every day!: #ManagerialEconomics