Question
State briefly the concept of indifference curve.
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| Output (Units) | 1 | 2 | 3 | 4 |
| Marginal Cost (₹) | 6 | 5 | 4 | 6 |
|
Year
|
Agriculture and allied sectors
|
Industry
|
Services
|
|
1994-95
|
5.0
|
9.2
|
7.0
|
|
1995-96
|
-0.9
|
11.8
|
10.3
|
|
1996-97
|
9.6
|
6.0
|
7.1
|
|
1997-98
|
-1.9
|
5.9
|
9.0
|
|
1998-99
|
7.2
|
4.0
|
8.3
|
|
1999-2000
|
0.8
|
6.9
|
8.2
|