Question: Hi what does the indifference graphs looks like 1) a good with increasing marginal utility and one with constant MU 2) increasing mu and decreasing
Hi what does the indifference graphs looks like
1) a good with increasing marginal utility and one with constant MU
2) increasing mu and decreasing mu
3) decreasing and constant MU
4) constant and constant mu
5) increasing mu and increasing mu
6)
decreasing mu and decreasing mu
where mu represents marginal utility , please draw clear diagrams and good explanations , thanks you a lot! (if one or more of these graphs do not exist, you may answer the question but please let me know in the answer)Or even part answers, anything is welcomed!!
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