Quiz 5. Indifference Curves

Quiz 5. Indifference Curves - x and y is given by the...

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Shomu Banerjee ECON 201 INDIFFERENCE CURVES 1. Yoshimitsu’s utility function over two goods x and y is given to be u ( x , y ) = x + min{ x , y }. Draw the indifference curve that gives him 6 units of satisfaction and show the direction in which Yoshimitsu’s utility is increasing. x y 4 2 0 6 8 4 2 6 2. Mitsunari’s utility function over commodities
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Unformatted text preview: x and y is given by the utility function u ( x , y ) = 4 y- 2 x . Draw the indifference curve that gives him 4 units of satisfaction and show the direction in which Mitsunaris utility is increasing. x y 4 2 6 8 4 2 6...
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This note was uploaded on 10/26/2010 for the course ECONOMICS ECON 201 taught by Professor Dr.shomubanerjee during the Summer '07 term at Emory.

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