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Draw indifference curves to represent the following types of consumer preferences (put good-x on the x-axis...

Draw indifference curves to represent the following types of consumer preferences (put good-x on the x-axis and good-y on the y-axis). Make sure to include arrows to indicate direction of preference. (Hint: Start with a bun- dle (say 10 units of each), and think about other bundles that give the consumer the same utility.)

a) A situation where the tangency condition is always satised.

b) A situation with a basket that has positive amounts of both goods that satises the tangency condition but is not optimal.

c) A situation with an optimal basket that satises the tangency condition but is also a corner solution.

d) A situation where the tangency condition is never sat- ised. e) A situation where that tangency condition is satised, but with a negative amount of good x.

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