Investopedia (reference below) defines an indifference curve as a diagram depicting equal levels of utility (satisfaction) for a consumer faced with various combinations of goods.
Investopedia goes on to say:
“As an example, consider the diagram above. This consumer would be most satisfied with any combination of products along curve U3. This consumer would be indifferent between combination Qa1, Qb1, and Qa2, Qb2.”
Atlas topic, subject, and course
Investopedia, What is the ‘Indifference Curve,’ at http://www.investopedia.com/terms/i/indifferencecurve.asp, accessed 18 May 2016.
Page created by: Ian Clark, last modified 18 May 2016.