Question
Hi what does the indifference graphs looks like 1) a good with increasing marginal utility and one with constant MU 2) increasing marginal disutility and
Hi what does the indifference graphs looks like
1) a good with increasing marginal utility and one with constant MU
2) increasing marginal disutility and decreasing mdu
3) decreasing mdu and constant Mdu
4) constant mdu and constant mdu
5) increasing mdu and increasing mdu
6)
decreasing mdu and decreasing mdu
where mdu represents marginal disutility , please draw clear diagrams and good explanations , thanks you a lot! (if one or more of these graphs do not exist, you may answer the question but please let me know in the answer)Or even part answers, anything is welcomed!!
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