Inez's income is $24. She buys eggs for $2 a dozen and wine for $4 a bottle.
Question:
a. Can you determine whether Inez and Homer have identical tastes?
b. If Inez could shop where Homer shops (paying the prices Homer pays), would she be happier?
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Inezs consumption point is on Homers budget line and Homers is below Inezs budget line ...View the full answer
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