Ask Question
17 July, 15:06

Monroe consumes crab cakes and tuna. monroe's utility increases with the consumption of crab cakes, but his utility neither increases nor decreases with the consumption of tuna. assuming tuna is on the x-axis and crab cake is on the y-axis, what do monroe's indifference curves look like?

+1
Answers (1)
  1. 17 July, 16:40
    0
    The indifference curve will be mostly like Horizontal lines because the y-axis is the one who is increasing and the x-axis is the one decreasing so in my assumptions it will be horizontal. The indifference curve is the curve on the graph that represent two commodities to know the satisfaction of the buyer.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Monroe consumes crab cakes and tuna. monroe's utility increases with the consumption of crab cakes, but his utility neither increases nor ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers