13. Carmens preferences are such that she is always indifferent between watching two movies or seeing one

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13. Carmen’s preferences are such that she is always indifferent between watching two movies or seeing one basketball game.

a. What must Carmen’s indifference curves look like?

b. Suppose that Carmen has an income of $90.

If a movie costs $10 and a basketball game costs $18, what will Carmen’s optimal consumption bundle be?

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Microeconomics

ISBN: 9780716759751

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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Question Posted: Oct 16, 2024 01:00 AM

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13. Carmens preferences are such that she is always indifferent between watching two movies or seeing one

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Microeconomics

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