Indifference curve analysis makes the same assumptions as marginal utility analysis.

Question

Quizplus · Accepted Answer

Indifference curve analysis does not rely on the assumption of measurable utility, unlike marginal utility analysis which is based on the quantification of satisfaction or utility derived from consumption. Indifference curves represent combinations of goods between which a consumer is indifferent, focusing on the relative preferences without requiring utility to be measured.

Indifference Curve Analysis Makes the Same Assumptions as Marginal Utility