Indifference Curve |
| ISO – QUANT |
1. Indifference 2. Indifference curve emphasizes on consume satisfaction. 3. There are no physical units in which satisfaction can be measured. We label indifference |
| 1. ISO0QUANT is a locus of some points which represents different compination of two factions of production and has same production in every points. 2. ISO – QUANT emphasizes on total output or production. 3. We can label SO-QUANT in the physical units of the output produced with out any difficulty. It is possible to say by how much production is greater or less |
Distinguish between Indifferece curve and Iso-quant
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