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Answer to Question #171675 in Microeconomics for Timothy Gyekye
Question #171675
Are indifference curves useless because it is difficult to drive them experimentally
Expert's answer
They have advantages which makes them useful. The advantages includes;
- Shows the preferences of a consumer.
- Helps in measuring the cost of living (living standards) of an individual.
Learn more about our help with Assignments: Microeconomics
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