Question
For each of the following utility functions, draw an indifference map with 3 indifference curves. Be sure to label your axes and label your curves
For each of the following utility functions, draw an indifference map with 3 indifference curves. Be sure to label your axes and label your curves as IC1, IC2, and IC3, where U1 < U2 < U3.
(6 points each)
a. (,)=35
b. (,)=2+2
c. (,)=(1/2+1/2)2
d. (,)=min (3,5)
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Survey of Economics
Authors: Irvin B. Tucker
8th edition
1111989664, 978-1133713357, 1133713351, 978-1111989668
