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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Discuss the shape of the indifference curve for each of the following pairs of goods:
â– Orange juice and smoothies
â– Baseballs and baseball bats
â– Left running shoe and right running shoe
â– Eyeglasses and contact lenses
Explain the relationship between the shape of the indifference curve and the marginal rate of substitution as the quantities of the two goods change.
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