Question: From Problem Set 3: 8. Draw indifference curve maps for the following rankings of preferences and, where necessary, indicate the direction in which utility
From Problem Set 3: 8. Draw indifference curve maps for the following rankings of preferences and, where necessary, indicate the direction in which utility is increasing. (Hint: None of these look like the Oreo/Pizza one from prerecorded lectures.) a. Bernard is buying a new desk. He does not care at all about the height of the desk, only the dimensions of the desktop. He prefers the desk to have a large desktop. b. Kat loves driving and hates working. She has U-shaped indifference curves. She does nothing else except drive and work. The more time she spends working the less happy she is, and she is always happier the more driving she does. c. Ivan loves gardening and watching movies, but always gets a quarter of the satisfaction from an hour of gardening as an hour of watching movies. Desktop Size Driving Desk Height Working Gardening Watching Movies d. What is Bernard's MRS for desk height in terms of desktop size? e. What kinds of goods are gardening and watching movies for Ivan?
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