Indifference curves are a common sight in economics courses. They’re a foundational and helpful concept for economics students because they help economists easily depict people’s preferences. This can ...

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 ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. In economics, demand is the consumer's ...

1. Measure bottles of beer on the horizontal axis and bags of popcorn on the vertical axis. Draw indifference curves for the following preferences: a. Tom likes to drink beer or eat popcorn equally ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Erika Rasure is globally-recognized as a leading consumer economics subject ...

Abstract: Learning an opponent's preferences in multi-issue negotiation with incomplete information is a challenge recently. A variety of means have been proposed to learn the preferences of issues.