Indifference Curves with goods and bads

This brief video gives some intuition for how to draw indifference curves when some goods are actually bads. It is math free, but may still be helpful in some intermediate microeconomics courses. The video is meant to follow from my previous video where I show what an indifference curve actually is: • Where do Indifference ... .

[@ria04466]

Thank you thank you thank you!!!! Now I finally understand how to draw ICs. No book, no video, no tutor made this as easy as you did.

[@MattBirch]

Glad to help!
Good luck!!

[@koningsberg]

I was completely lost till i saw your video. How on earth more people didn't post a video about this. Thank you so much sir you explained the whole situation so well!

[@MattBirch]

I am glad to hear it! Good luck!

[@azhariyyyification]

The use of the mountain reference helped so much!

[@MattBirch]

Good. Glad to hear it!

[@melissayurinomurayamate3783]

Hi! Im a student from Brazil and this video helped me A LOT! Thank you so much!!

[@MattBirch]

Glad to hear it! Good luck in micro!

[@satvik1162]

thank you ! really nice way of explaining this topic

[@MattBirch]

Glad to hear it helped! Good luck.

[@shyruti]

Thank you, this really summed everything up!

[@MattBirch]

Glad it helped! Good luck!

[@koningsberg]

Makes so much sense!!!

[@khushisinghal2316]

Thanks a lot sir! This really helped a lot😊

[@nonthaprajunnaul4521]

Thank you😚😚

[@MattBirch]

Haha, my pleasure!

[@stellaunya5192]

thank you so much

[@MattBirch]

My pleasure!

[@mytinyw0rld]

What if x & y both are good upto a certain point

[@mytinyw0rld]

What will be the shape of ic ?

[@MattBirch]

Put the mountain on the good point and go for it!

[@mytinyw0rld]

Didn't get it 😕 where should I put the mountain left side or right??

[@MattBirch]

@@mytinyw0rldif both are good it will not be on either edge. Put it where utility is highest.

[@aasthaarora0195]

pls give explanations to these curves

[@MattBirch]

Are you just referring to what an indifference curve is?
If so: ua-cam.com/video/ghvJGAUTgHc/v-deo.html

[@michaelosei7901]

what happens when you are indifferent to both items

[@MattBirch]

You tell me. Does utility ever change when we change consumption? What does that mean for the indifference curves that measure different levels of utility?

[@michaelosei7901]

@@MattBirch utility doesn't change since you are indifferent to both. I think the indifference curve here would be L shaped. Not sure

[@MattBirch]

@@michaelosei7901 if utility doesn't change then the whole graph exists on one level of utility. Your IC is not a single curve, but is just everything. Good luck!

[@michaelosei7901]

@@MattBirch so is it just a graph with no IC on it ?

[@MattBirch]

@@michaelosei7901 I would lean towards a giant square covering everything. All one level. I dunno though. I have never drawn one like that.