Introduction to Indifference Curves

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Introductory video to indifference curves as part of Consumer Theory in Microeconomics. Ideally suited for students of International Baccalaureate (IB) and undergraduate studies. A working example with calculations is shown.
  1. Ahmed Tutoring
  2. indifference curves
  3. utility
  4. consumer theory
  5. economics
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hello! I am unsure about question b. Consider a consumer who has to allocate their budget between two goods, x and m. The price of x is p, and the price of m is 1. The consumer's utility function is:
U(x, m)=8√x + m

(a) When does the consumer prefer a little more of good x over a little more of good m? Explain.
(b) Illustrate the consumer's demand for x. Label important elements in your diagram. could you please help?

bsoy