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5. Suppose that the individual might have some combination of y, money, and negative commodity 5. Suppose that the individual might have some combination of
5. Suppose that the individual might have some combination of y, money, and negative "commodity", smoke pollution. In 3 separate diagrams, graphically depict the following: a) Two indifference curves where each incremental unit of pollution to which the individual is exposed has a constant (unchanging) negative impact on the individual, indicating which indifference curve indicates more utility. b) c) Two indifference curves where each incremental unit of pollution to which the individual is exposed has a decreasing negative impact, perhaps because the individual develops a tolerance for the pollutant when exposed to more pollution. Two indifference curves where each incremental unit of pollution to which the individual is exposed has an increasing negative impact, perhaps because the individual has an underlying respiratory illness and suffers increasingly from exposure to each additional unit of the pollutant.
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