Higher indifference curve Assignment Help

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Higher indifference curve:

higher indifference curve. An indifference curve to the right of another represents a higher level of utility and preferable combination of the two goods. In Figure below, the indifference curve IC2,  represents a higher level of utility than indifference curve IC1. Therefore, as the distance of the indifference curve to the origin increases, the level of utility represented by the indifference curve also increase.

662_Higher indifference curve.png

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