Answer to Question #276391 in Microeconomics for Muskan

Question

3) Draw indifferences curves to represent each of the following type of preferences.

i) A customer is always pleased to change 5 sweet candy for 1 chochlate bar.

ii) A customer always desires 2 glasses to wear with 1 frame.

Answer 1

Solution:

i.). An indifference curve depicting the same is as below:

 

 

 

ii.). An indifference curve depicting the same is as below: