How to draw a set of indifference curves relating two 'bads' such as smog and garbage. ?
How to draw a set of indifference curves relating two 'bads' such as smog and garbage. ? Discuss the characteristic of indifference curves of "bads".Submitted: 1884 days ago
Reverse the bads into goods. Instead of wondering how to draw indifference curves for smog and garbage, draw the indifference curves for less smog and less garbage. The indifference curves will then have the same characteristics as normal indifference curves do.
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