good a and b are perfect compliment i spend 80usd to buy them monthly, the price of the 2 goods are both - Pa = Pb = 10usd what should my indifference curve look like and can help elaborate more why does it look like that? Ps! Just wanted to understand more! Thanks!

good a and b are perfect compliment i spend 80usd to buy them monthly, the price of the 2 goods are both - Pa = Pb = 10usd what should my indifference curve look like and can help elaborate more why does it look like that? Ps! Just wanted to understand more! Thanks!

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter4: Utility Maximization And Choice

Section: Chapter Questions

Problem 4.4P

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Question

good a and b are perfect compliment

i spend 80usd to buy them monthly, the price of the 2 goods are both - Pa = Pb = 10usd

what should my indifference curve look like and can help elaborate more why does it look like that? Ps! Just wanted to understand more! Thanks!

Defintion Defintion Curve that represents the graphical relationship between the total supply of goods and services and the price level in the economy. When the price level increases, producers tend to supply more of a product in the market to earn a higher revenue or vice versa.

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