1.2. Use the four properties of indifference curves for ordinary goods illustrated in Figure 11-4 to answer the following questions.

a. Can you rank the following two bundles? If so, which property of indifference curves helps you rank them?

Bundle A: 2 movie tickets and 3 cafeteria meals Bundle B: 4 movie tickets and 8 cafeteria meals

b. Can you rank the following two bundles? If so, which property of indifference curves helps you rank them?

Bundle A: 2 movie tickets and 3 cafeteria meals Bundle B: 4 movie tickets and 3 cafeteria meals

c. Can you rank the following two bundles? If so, which property of indifference curves helps you rank them?

Bundle A: 12 videos and 4 bags of chips Bundle B: 5 videos and 10 bags of chips

d. Suppose you are indifferent between the following two bundles:

Bundle A: 10 breakfasts and 4 dinners Bundle B: 4 breakfasts and 10 dinners Now compare bundle A and the following bundle:

Bundle C: 7 breakfasts and 7 dinners Can you rank bundle A and bundle C? If so, which property of indifference curves helps you rank them? (Hint: It may help if you draw this, placing dinners on the horizontal axis and breakfasts on the vertical axis. And remember that breakfasts and dinners are ordinary goods.)