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-   -   Re Indifference Curves (https://www.askmehelpdesk.com/showthread.php?t=788534)

  • Apr 3, 2014, 08:38 AM
    toastnjam
    Re Indifference Curves
    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
  • Apr 3, 2014, 08:50 AM
    Curlyben
    What do YOU think ?
    While we are happy to help we wont simply do all the work for you
  • Apr 3, 2014, 04:30 PM
    toastnjam
    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!

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