Question: What are indifference curves? Develop and demonstrate indifference curves with a two-dimensional model. Given indifference curves, how is a decision made as to choices? Demonstrate

What are indifference curves? Develop and demonstrate indifference curves with a two-dimensional model. Given indifference curves, how is a decision made as to choices? Demonstrate how with a model.

*Demonstrate meaning actually drawing the model please*

What is utility? Demonstrate with a model, explaining total utility and marginal utility. Using utility analysis: assuming one is economically rational, how does one allocate one's choices?

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