Try another version of these questions The graph below shows indifference curves for product X and Y. Which indifference curve provides the highest level of happiness or satisfaction? Hint Box 1: Select the best answer Suppose that the consumer is spending all of her income and is consuming at point A. What should the consumer do in order to maximize her happiness? Hint Box 1: Select the best answer If the consumer spends all her income and tries to maximize her utility, which utility curve will she end up on? Hint Box 1: Select the best answer
Start Graph, Color redx y 1 14.62 2 9.21 3 7.029 4 5.802 5 5 6 4.428 7 3.995 8 3.655 9 3.379 10 3.15 11 2.956 12 2.789 13 2.644 14 2.517 15 2.404 16 2.303 17 2.211 18 2.129 19 2.053 20 1.984 21 1.921 22 1.862 23 1.808 24 1.757 25 1.71 26 1.666 27 1.624 28 1.586 29 1.549 30 1.514
Start Graph, Color greenx y 2 29.24 3 22.314 4 18.42 5 15.874 6 14.057 7 12.684 8 11.604 9 10.728 10 10 11 9.384 12 8.855 13 8.395 14 7.991 15 7.631 16 7.31 17 7.02 18 6.758 19 6.519 20 6.3 21 6.098 22 5.912 23 5.739 24 5.579 25 5.429 26 5.289 27 5.157 28 5.034 29 4.917 30 4.807
Label "Quantity of product X" at pixel coordinates (175,0).Label "Quantity of product Y" at pixel coordinates (0,170).
x y 3 43.86 4 36.206 5 31.201 6 27.63 7 24.932 8 22.808 9 21.086 10 19.656 11 18.445 12 17.406 13 16.501 14 15.706 15 15 16 14.368 17 13.799 18 13.283 19 12.813 20 12.382 21 11.986 22 11.62 23 11.281 24 10.965 25 10.671 26 10.395 27 10.137 28 9.894 29 9.665 30 9.449
Start Graph, Color redx y 1 14.62 2 9.21 3 7.029 4 5.802 5 5 6 4.428 7 3.995 8 3.655 9 3.379 10 3.15 11 2.956 12 2.789 13 2.644 14 2.517 15 2.404 16 2.303 17 2.211 18 2.129 19 2.053 20 1.984
Label "Quantity of product X" at pixel coordinates (175,0).Label "Quantity of product Y" at pixel coordinates (0,170).Label "A" at (11,14-11).
x y 0 14 1 13 2 12 3 11 4 10 5 9 6 8 7 7 8 6 9 5 10 4 11 3 12 2 13 1 14 0 15 -1 16 -2 17 -3 18 -4 19 -5 20 -6
Start Graph, Color redx y 1 5.89 2 3.71 3 2.832 4 2.337 5 2.014 6 1.784 7 1.61 8 1.472 9 1.361 10 1.269 11 1.191 12 1.124 13 1.065 14 1.014 15 0.968
Start Graph, Color greenx y 0 5.6 1 4.6 2 3.6 3 2.6 4 1.6 5 0.6 6 -0.4 7 -1.4 8 -2.4 9 -3.4 10 -4.4 11 -5.4 12 -6.4 13 -7.4
Start Graph, Color blackx y 1 10.079 2 6.35 3 4.846 4 4 5 3.447 6 3.053 7 2.754 8 2.52 9 2.33 10 2.172 11 2.038 12 1.923 13 1.823 14 1.735 15 1.657
Label "Quantity of product X" at pixel coordinates (175,0).Label "Quantity of product Y" at pixel coordinates (0,170).x y 1 3.175 2 2 3 1.526 4 1.26 5 1.086 6 0.961 7 0.868 8 0.794 9 0.734 10 0.684 11 0.642 12 0.606 13 0.574 14 0.547 15 0.522