Paul loves hot drinks, and he has a part of his weekly budget earmarked for buying them. In the diagram below, you can find several bundles of weekly tea and coffee consumption. Paul is exactly indifferent between bundles A, B, C and D, i.e., he would enjoy consuming any of these four bundles equally much. Show in the same diagram all other bundles that Paul would also like exactly as much as the bundles A, B, C and D.
Paul loves hot drinks, and he has a part of his weekly budget earmarked for buying them. In the diagram below, you can find several bundles of weekly tea and coffee consumption. Paul is exactly indifferent between bundles A, B, C and D, i.e., he would enjoy consuming any of these four bundles equally much. Show in the same diagram all other bundles that Paul would also like exactly as much as the bundles A, B, C and D.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Paul loves hot drinks, and he has a part of his weekly budget earmarked for buying them. In the diagram below, you can find several bundles of weekly tea and coffee consumption. Paul is exactly indifferent between bundles A, B, C and D, i.e., he would enjoy consuming any of these four bundles equally much.
Show in the same diagram all other bundles that Paul would also like exactly as much as
the bundles A, B, C and D.
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