Question

Graph the following indifference curves:

I like both diversity and quality food, and always get the same additional satisfaction from one unit of diversity as I do from 2 units of quality food. (Use actual numbers on your graph)

b) I like quality food, but neither like nor dislike diversity.

c) I like quality food, but dislike diversity.

d) I like diversity and quality food, but I only want 2 units of diversity for every 1 unit of quality food. (Use actual numbers on your graph)

Answer 1

The required graph is below:

Note: Indifference curves are in the ranking:

IC4 > IC3 > IC2 > IC1