Indifference curves Represent the following sets of indiffer ence curves graphically. (a) Suppose that an apple for
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Indifference curves Represent the following sets of indiffer ence curves graphically.
(a) Suppose that an apple for you is always as good as two bananas.
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(b) Suppose that one apple is always as good, as far as you are concerned, as a banana.
(c) Suppose that you do not care for tea without milk or for milk without tea.
However, every time you have two units of tea and one unit of milk, you can make yourself a cup of tea with milk. You love tea with milk, and the more the better, as far as you are concerned.
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