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audrey dobson
on Oct 14, 2024

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Jeans utility function is U(x, y) x  y 2  y.If we draw her indifference curves with x on the horizontal axis and y on the vertical axis, then these indifference curves are everywhere downward sloping and get flatter as one moves from left to right.

Indifference Curves

A graphical representation of different bundles of goods between which a consumer is indifferent, showing the same level of satisfaction or utility for each point on the curve.

Downward Sloping

A characteristic of a graph or curve that shows a decrease in one variable as the other variable increases, often related to demand curves in economics.

  • Familiarize yourself with the concept and attributes of indifference curves.
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Amanda SmithOct 16, 2024
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