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Difference between utility analysis and indifference …

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Difference between utility analysis and indifference curve analysis

Posted by Ditee Bhattacharjee 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Shivangi Goel 7 years, 6 months ago

Utility analysis is the measurement of consumer's equilibrium on the bases of cardinal no...according to which utility can be expressed in term of utiles as 1,2 etc...Indefference curve analysis is the measurement of equilibrium on the bases of ordinal no..according to which utility can not be expressed in utiles only can be ranked as high or low, same etc....

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