Yunqin always gets twice as much satisfaction from an extra burger as he does from an extra Bo uice. Draw (for yourself) three indifference curves for him on a graph - passing through the bun 2 juices, O burgers), (4 juices, O burgers) and (5 juices, O burgers) respectively. Qburger The graph above includes two budget lines with different slopes to help you answer the followin question. Which conclusions can you draw about Yunqin's utility maximising choices? Select all t applies. Yunqin would never consume both burgers and juice at the same time Yunqin always consumes only juice

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Yungin always gets twice as much satisfaction from an extra burger as he does from an extra Boost
juice. Draw (for yourself) three indifference curves for him on a graph - passing through the bundles
(2 juices, O burgers), (4 juices, O burgers) and (5 juices, O burgers) respectively.
Qburger
3
2
Qjuice
The graph above includes two budget lines with different slopes to help you answer the following
question. Which conclusions can you draw about Yunqin's utility maximising choices? Select all that
applies.
Yunqin would never consume both burgers and juice at the same time
Yungin always consumes only juice
if Yungin' budget line is flatter than his indifference curves, then he consumes only juice
if the ratio of the price of burger to the price of juice is smaller than 2, then Yunqin consumes only burgers
Transcribed Image Text:Yungin always gets twice as much satisfaction from an extra burger as he does from an extra Boost juice. Draw (for yourself) three indifference curves for him on a graph - passing through the bundles (2 juices, O burgers), (4 juices, O burgers) and (5 juices, O burgers) respectively. Qburger 3 2 Qjuice The graph above includes two budget lines with different slopes to help you answer the following question. Which conclusions can you draw about Yunqin's utility maximising choices? Select all that applies. Yunqin would never consume both burgers and juice at the same time Yungin always consumes only juice if Yungin' budget line is flatter than his indifference curves, then he consumes only juice if the ratio of the price of burger to the price of juice is smaller than 2, then Yunqin consumes only burgers
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