Yunqin 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, 0 burgers), (4 juices, O burgers) and (5 juices, O burgers) respectively. Qpurger 3 1 2 3 5 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 O Yunqin always consumes only juice O if Yunqin' budget line is flatter than his indifference curves, then he consumes only juice O if the ratio of the price of burger to the price of juice is larger than 2, then Yunqin consumes only juice 2.

Yunqin 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, 0 burgers), (4 juices, O burgers) and (5 juices, O burgers) respectively. Qpurger 3 1 2 3 5 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 O Yunqin always consumes only juice O if Yunqin' budget line is flatter than his indifference curves, then he consumes only juice O if the ratio of the price of burger to the price of juice is larger than 2, then Yunqin consumes only juice 2.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

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 three examples IC1, IC2 and IC3 for indifference curves that represent Paul's preferences for tea and coffee, and three examples X, Y and Z for specific bundles of weekly tea and coffee consumption.
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. Qburgers 3 2 5 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. 01 2 3 Yungin 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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