Question

5. Suppose there are two agents, Jeremy Bentham and John Stuart Mill (look them up if you want . For Jeremy Bentham, the marginal utility of X is always equal to -30 utils, and the marginal . For John Stuart Mill, the marginal utility of X is always equal to -5 utils, and the marginal In the appropriate graph below, sketch a few of the person's indifference curves AND indicate the some bedtime reading), who tell you the following about their preferences utility of Y is always equal to 40 utils. (4 points slope, 4 points direction) utility of Y is always equal to -10 utils. (4 points slope, 4 points direction) direction at which their preferences are increasing.