4 ...... Lightbulbs 25 24 BL1 20 BL2 16 -IC 2 10 15 Batterie The graph shows Maddy's budget and one of her indifference curves for for lightbulbs and On BL1, if M utils from the sixteenth lightbulb she consumes. price of a lightbulb is $ consumes, she will receive and the price of a battery is $ Blank 1: Blank 2: Blank 3:

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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2
Lightbulbs
25
24 BL1
20 BL2
16
8
-IC
2
10
15 Batteries
The graph shows Maddy's budget and one of her indifference curves for for lightbulbs and batteries. She has $360 to spend. Using BL1, the
price of a lightbulb is $
consumes, she will receive
On BL1, if Maddy receives 144 utils from the fifth battery she
and the price of a battery is $
utils from the sixteenth lightbulb she consumes.
Blank 1:
Blank 2:
Blank 3:
Transcribed Image Text:Lightbulbs 25 24 BL1 20 BL2 16 8 -IC 2 10 15 Batteries The graph shows Maddy's budget and one of her indifference curves for for lightbulbs and batteries. She has $360 to spend. Using BL1, the price of a lightbulb is $ consumes, she will receive On BL1, if Maddy receives 144 utils from the fifth battery she and the price of a battery is $ utils from the sixteenth lightbulb she consumes. Blank 1: Blank 2: Blank 3:
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