Sandy consumes only hamburgers (H) and milkshakes (M). At basket A, containing 2 hamburgers and 10 milkshakes,

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Sandy consumes only hamburgers (H) and milkshakes (M). At basket A, containing 2 hamburgers and 10 milkshakes, his MRSH,M is 8. At basket B, containing 6 hamburgers and 4 milkshakes, his MRSH,M is 1/2. Both baskets A and B are on the same indifference curve. Draw the indifference curve, using information about the MRSH,M to make sure that the curvature of the indifference curve is accurately depicted.
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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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