1. Indifference CurvesDraw indifference curves to represent the following consumer preferences. For each set ofpreferences draw two indifference curves U1 and U2, such that U1 > U2. (Use a separategraph each time to avoid a catastrophic mess).a. I like both peanut butter and jelly, and always get the same satisfaction from anonce of peanut butter than I do from 2 ounces of jelly.b. I like peanut butter but neither like nor dislike jelly.c. I like peanut butter, but dislike jelly.d. I like peanut

Microeconomics

Indifference Curves Explained: Definition, Examples, Practice & Video Lessons

Indifference Curve - Meaning and Properties – Tutor's Tips

Indifference Curves: Use & Impact in Economics - Video | Study.com

Indifference Curves - Income and Substitution Effects for Normal Goods

Consumer's Equilibrium - Indifference Curve Analysis – Tutor's Tips

Indifference Curves in Economics: What Do They Explain?

Can an indifference curve cross itself? For example, could Figure 3.2 depict a single indifference curve? | Numerade