Sketch indifference curve maps to show the preferences

Reference no: EM133344157

Question: 1) (a) Sketch indifference curve maps to show the preferences of an individual who has the choice of two goods which are (i) perfect substitutes (ii) where one good is valued and the other is an economic 'bad' (iii) where the goods are complements

(b) Rachel's preferences for two goods, X and Y are represented by the utility functionU(X, Y) = X2Y

Reference no: EM133344157

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