Answer to Question #275749 in Microeconomics for Riya

Question

U(B, M) = 2B + M

Where B and M are the number of books and movies respectively.

a. Explain the shape of the indifference curve using diagram

Answer 1

Solution:

a.). The shape of the indifference curve is downward sloping from left to right, convex with respect to the origin. An indifference curve is also steeper on the left and flatter on the right.

 

The indifference curve is as below: