Top 9 Advantages of Indifference Curve Technique
The following points highlight the top nine advantages of indifference curve technique over marshallian utility analysis. Some of the advantages are: 1. It Dispenses with Cardinal Measurement of Utility 2. It Studies Combinations of Two Goods Instead of One Good 3. It Provides a Better Classification of Goods into Substitutes and Complements and Others. Advantage # 1. It Dispenses with [...]