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Unformatted text preview: (4, 2) to (6, 0) and checking to make sure that those points give the same utility completes the construction of the indifference curve. 2. Mitsunaris utility function over commodities 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 Set 4 y 2 x = 4, which yields the equation for the indifference curve that gives utility level 4: y = 1 + (1/2) x ....
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 Summer '07
 Dr.ShomuBanerjee
 Microeconomics, Utility

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