Suppose the Challenge Solution were changed so that Max and Bob still have identical tastes, but have
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Suppose the Challenge Solution were changed so that Max and Bob still have identical tastes, but have the usual-shaped indifference curves. Use a figure to discuss how the different slopes of their budget lines affect the bundles of printed books and e-books that each chooses. Can you make any unambiguous statements about how their bundles differ? Can you make an unambiguous statement if you know that Bob’s budget line goes through Max’s optimal bundle?
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Microeconomics Theory And Applications With Calculus
ISBN: 978-0134167381
4th Edition
Authors: Jeffrey M. Perloff
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