Answer to Question #166549 in Microeconomics for Dede Elizabeth

Question

The indifference curve between a good and garbage is positively slope true or false and why

Answer 1

True

Indifference curve shows the combination of commodities at which Consumers receives the same amount of Utility. One commodity is a good and the other is a garbage.The consumer will accept more of the bad good only if she also receives more of the other good in return.