You are looking for different flavors to add to your tea, to you, cardamom (x1) is...

You are looking for different flavors to add to your tea, to you, cardamom (x₁) is a “bad” and turmeric (x₂) is a “good.” Draw your indifference curves for both goods on the graph below (label your graph), briefly describe why the curves are shaped this way.

Expert Solution

Indifference curve is a locus of combinations of two commodities that yields the same level of satisfaction.

Here, cardamom is good, so more it will be preferred to less of it . Turmeric is bad so less of it will be preferred to more of it.

Rahul Sunny answered 6 months ago

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