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toastnjam
Apr 3, 2014, 08:38 AM
FACTS: Two people (A and B) have different attitudes towards leisure time. A really enjoys leisure time, cannot go without 8 hours sleep and does not particularly enjoy work. In contrast, B, is a workaholic and does not place a high value on leisure time.

TASK: Draw an indifference curve for each of A and B (on the same axis)

Note: Use a consumption good as the other good

Curlyben
Apr 3, 2014, 08:50 AM
What do YOU think ?
While we are happy to help we wont simply do all the work for you

toastnjam
Apr 3, 2014, 04:30 PM
I'm really not sure. Would I be wrong to consider that, drawn on the same axis, one of the curves would be concave and one convex? Sorry I can't get my head around the relationship between leisure and consumption, every other topic is OK!