1. An indifference curve is defined as a set of bundles that a consumer with a given income can afford, and among which she or he is indifferent. 2. More is preferred to less means that if the total ...

Economic Theory, Vol. 6, No. 3 (Nov., 1995), pp. 529-534 (6 pages) Although the indifference classes of a strictly monotonic preference relation defined on the positive orthant Ω of n-space do not ...

Casting the criminal as choosing between two bads-time served in jail and "good" behavior, the author uses five indifference curve exercises to show how changing the jail sentence and changing the ...