Page 1 of 1
Draw two indifference curves for two goods (Gunna Tickets and Drake Tickets) at utility level 2 and 4. These indifferenc
Posted: Wed Mar 09, 2022 8:37 am
by answerhappygod
- Draw Two Indifference Curves For Two Goods Gunna Tickets And Drake Tickets At Utility Level 2 And 4 These Indifferenc 1 (144.78 KiB) Viewed 50 times
Draw two indifference curves for two goods (Gunna Tickets and Drake Tickets) at utility level 2 and 4. These indifference curves must reflect a consumer who has preferences that follow more is better, transitivity, completeness/rankability, and not a preference for variety. That is, the consumer has a “preference for no variety”. Make sure to label each axis and indifference curve to reflect these preferences. (10 pts)