4 Assume you are always willing to trade two Cardinal tickets for one beer, or one beer for two Cardinals tickets, create an indifference map showing this relationship for three levels of utility. Calculate the MRS for each indifference curve.

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Chapter1: Making Economics Decisions
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4

Assume you are always willing to trade two Cardinal tickets for one beer, or one beer for
two Cardinals tickets, create an indifference map showing this relationship for three
levels of utility. Calculate the MRS for each indifference curve.

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