question archive Hi, I am always confused when two indifference curve are convex, what does it mean about two goods? When the curve is concave , what does it mean? When it's L shaped or straight line, what does it mean? what does the indifference curve looks like for a pair of two goods, a bad and good, bad and bad, eg x good, y good, x bad, y good x good, y bad x bad , y bad
Hi, I am always confused when two indifference curve are convex, what does it mean about two goods? When the curve is concave , what does it mean? When it's L shaped or straight line, what does it mean? what does the indifference curve looks like for a pair of two goods, a bad and good, bad and bad, eg x good, y good, x bad, y good x good, y bad x bad , y bad
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Hi, I am always confused when two indifference curve are convex, what does it mean about two goods? When the curve is concave , what does it mean? When it's L shaped or straight line, what does it mean?
what does the indifference curve looks like for a pair of two goods, a bad and good, bad and bad,
eg x good, y good,
x bad, y good
x good, y bad
x bad , y bad
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