Use Separate Graphs to Sketch Two Indifference Curves for People

question 14

Essay

Use separate graphs to sketch two indifference curves for people with each of the following utility functions:
a. U(x, y) = x + 2y.
b. U(x, y) = min{x,2y}.
c. U(x, y) = max{x,2y}.

---

Definitions:

Autonomy

The right or condition of self-government, or the ability of an individual or organization to make their own decisions and control their own affairs.

Personal Commitment

An individual's sincere promise or dedication toward achieving a particular goal or fulfilling an obligation.

Eligible

Meeting the required conditions or criteria set for a specific situation, program, or opportunity.

I-9

A United States employment eligibility verification form required by law for all employees.