Question: Suppose there are two agents, Jeremy Bentham and John Stuart Mill (look them up if you want some bedtime reading), who tell you the following about their preferences: 0

For Jeremy Bentham, the marginal utility of X is always equal to -35 utils, and the marginal utility of Y is always equal to 45 utils.

For John Stuart Mill, the marginal utility of X is always equal to -5 utils, and the marginal utility of Y is always equal to -15 utils.

In the appropriate graph below, sketch a few of the person’s indifference curves and indicate the direction at which their preferences are increasing.

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