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    toastnjam's Avatar
    toastnjam Posts: 2, Reputation: 1
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    #1

    Apr 3, 2014, 08:38 AM
    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
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    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's Avatar
    toastnjam Posts: 2, Reputation: 1
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    #3

    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!
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