Y5

Question 3 (a) Two close friends (Mahathir and Anwar) each have a preference for two items: KFC (K) and grilled fish (1). You are told that Mahathir prefers KFC, while Anwar prefers grilled fish. Draw the indifference curves for Mahathir and Anwar in the diagram below. Assume these two friends have normal shaped indifference curves. Dua orang sahabat karib (Mahathir dan Anwar) masing-masing mempunyal pilihan terhadap dua barangan: KFC (K) dan ikan bakar (1). Anda diberitahu bahawa Mahathir lebih gemar makan KFC, manakala Anwar lebih sukakan ikan bakar. Lakarkan keluk puas sama bagi Mahathir dan Anwar masing-masing dalam gambarajah di bawah. Andaikan kedua-dua sahabat ini mempunyai keluk puas sama yang berbentuk biasa. (4 marks) KFC 0 Grilled Fish / Ikan Bakar Indifference curves for Mahathir & Anwar Keluk-keluk puas sama Mahathir & Anwar (b) Compare the magnitudes of the marginal rate of substitution (MRSI,K) for both individuals. Bandingkan magnitudekadar penggantian marginal (MRSI,K) kedua-dua individu tersebut. (4 marks)