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#cfa #cfa-level-1 #economics #has-images #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-3-utility-theory #study-session-4
The word map is appropriate because the entire set of indifference curves comprises a contour map of this consumer’s utility function. Each contour, or indifference curve, is a set of points in which each point shares a common level of utility with the others. Moving upward and to the right from one indifference curve to the next represents an increase in utility, and moving down and to the left represents a decrease. The map could look like that in Exhibit 3 .
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| status | not read | reprioritisations | ||
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| last reprioritisation on | suggested re-reading day | |||
| started reading on | finished reading on |
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