Example
Alice's utility given `X` chocolates and `Y` strawberries is $$ u \left( X, Y \right) = X \times Y $$
Her indifference curve at a level of utility equal to 1 satisfies $$ u \left( X, Y \right) = X \times Y = 1 $$
Solving for Y $$ Y = 1 / X $$
Similarly, she gets utility 2 if `Y = 2 / X`.
Question
This question is available to anyone who signs up.
Answers are exclusive content! To access Ace Micro's questions and answers, you will have to sign up first.