6. Draw indifference curves for two goods and y, where y is a "bad" good. Specify each axis, show the direction utility is increasing using an arrow, explain the meaning of a bad good, and provide an example of a bad good. (ch. 5).
6. Draw indifference curves for two goods and y, where y is a "bad" good. Specify each axis, show the direction utility is increasing using an arrow, explain the meaning of a bad good, and provide an example of a bad good. (ch. 5).
Chapter6: Consumer Choice Theory
Section6.A: Indifference Curve Analysis
Problem 10SQ
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