The shape of the indifference curve
implies weak sustainability.
Using the definitions of r and [Gamma], a membership indifference curve
(MIC) can be defined, which depicts combinations of wage and membership levels such that expected utility of a union member and of a non-union worker are the same
The bank maximizes utility where its efficiency frontier is tangent to an indifference curve
Any point northeast of the indifference curve
represents superior net value.
Assuming the indifference curve
between currency and deposits are homothetic, and that the ratio of these opportunity costs is the appropriate measure (by analogy with price theory) determining the currency deposit ratio, this ratio is independent of the money rate of interest.
Other demonstrations in Fox's series show an animated skier skiing down a consumer indifference curve
and a small hamburger riding to the top of a total utility curve.
There, a social indifference curve
from some arbitrary social evaluation function passes through the initial income distribution given by [Y.
5) Note that utility rises as one moves in a southeasterly direction in the indifference curve
From Equation (1), the slope of type HN individuals' indifference curve
under contract (I, c) is
Here, (19) the consumer is indifferent between market baskets A and B; we know this since both lie on indifference curve
While loving the ground, Indifference Curve
, third in the Cork National, has only place prospects at best off 130.
2] represents a move from one indifference curve
to another (with an interpretation of cardinal utility attached to it), Hicks and Allen propose the concept of net substitutability, which does not require a shift from one indifference curve
to the other.