Indifference Curve – Meaning and Properties Explained with Animated Examples

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Learn more: http://www.policonomics.com/indiffere... • Versión en español:    • A.2 Curvas de indiferencia | Consumo ...   • This video explains how indifference curves work and how to build them. We start analysing indifference curves as a way of representing utility, then we explain what the marginal rate of substitution is and, lastly, what different kinds of indifference curves there are. • Related videos: • -Utility function:    • A.1 Utility function | Consumption - ...   • -Marginal rate of substitution:    • A.3 Marginal rate of substitution | C...   • Related articles: • -Utility function: http://www.policonomics.com/utility/ • -Preferences: http://www.policonomics.com/preferences/ • Thank you for watching! • http://www.policonomics.com • Learn, and enjoy!

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