Question

How to draw a utility curve for a given utility function?

Answer 1

ANSWER

An indifference curve shows all of the amounts of goods that give the consumer the same level of satisfaction. (An indifference curve is an implicit function that has the amounts of goods as variables. ... A total utility curve shows total utility as a function of one good, holding all other goods constant

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Answer 2

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If you are given a utility function U(x,y), it is easy to derive a given indifference curve from it: simply plot all points (x,y) such that U(x,y) equals a constant. This is a utility function in which the consumer values x as much as a/b units of y.