Rosy likes Banana but is neutral about Papaya, so the indifference curves in this case are:
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1 mark, −0.33MicroeconomicsConsumer preferences and utilityIndifference curves and their propertiesModerateabout 1 min
UoH 2013 Question 1: Consumer preferences and utility
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Consumer preferences and utility has come up 93 times in 7 exams since 2007.
What this question tests
This question is on Indifference curves and their properties, part of Consumer preferences and utility in Microeconomics.
What indifference curves look like for goods, bads and neutrals, and why they slope down and never cross.
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