1.2. On the left diagram in panel (a) of Figure 11-4, draw a point B anywhere on...

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1.2. On the left diagram in panel

(a) of Figure 11-4, draw a point B anywhere on the 200-util indifference curve and a point C anywhere on the 100-util indifference curve (but not at the same location as point A). By comparing the utils generated by bundles A and B and those generated by bundles A and C, explain why indifference curves cannot cross.

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Related Book For  book-img-for-question

Economics

ISBN: 978-0716771586

2nd Edition

Authors: Paul Krugman ,Robin Wells

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