lets us assume ,aleeza consumption basket consist os two goods ,X1 and X2.three preferences statements from a-c are given below .develope MRS and graph the indifference curves that matches the given information; a) aleeza consider X1 and X2 as perfect substitutes with one unit of X1 equivalent to four un its of X2. b) aleeza consume three units of x2 with every unit of X1 c) aleeza likes good X1 ands neither likes nor dislikes good X2.
lets us assume ,aleeza consumption basket consist os two goods ,X1 and X2.three preferences statements from a-c are given below .develope MRS and graph the indifference curves that matches the given information; a) aleeza consider X1 and X2 as perfect substitutes with one unit of X1 equivalent to four un its of X2. b) aleeza consume three units of x2 with every unit of X1 c) aleeza likes good X1 ands neither likes nor dislikes good X2.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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lets us assume ,aleeza consumption basket consist os two goods ,X1 and X2.three preferences statements from a-c are given below .develope MRS and graph the indifference
a) aleeza consider X1 and X2 as perfect substitutes with one unit of X1 equivalent to four un its of X2.
b) aleeza consume three units of x2 with every unit of X1
c) aleeza likes good X1 ands neither likes nor dislikes good X2.
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