Shows all combinations of goods that provide the consumer with the same satisfaction, or the same utility.
The consumer finds all combinations on a curve equally preferred
Because each bundle of goods yields the same level of utility, the consumer is indifferent about which combination is actually consumed
Combinations of goods along an indifference curve reflect some constant, though unspecified, level of utility
Inverse relationship - for you to remain indifferent among consumption alternatives, the increase in utility from product A must just offset the decrease in utility from product B → indifference curves slope downward to the right
Indifference curves are also convex to the origin, which means they are bowed inward toward the origin