Question
1. Consider preferences for cookies (on the x-axis) and ice cream bars (on the y-axis) for different people. Draw an indifference curve map with 3
1. Consider preferences for cookies (on the x-axis) and ice cream bars (on the y-axis) for different people. Draw an indifference curve map with 3 indifference curves on each (label them) for each scenario below. The consumer a. views 2 cookies and an ice cream bar as perfect substitutes b. always eats 2 cookies with one ice cream bar c. likes ice cream bars but doesnt care about cookies (is neutral) d. loves ice cream but hates cookies (hint: cookies are a bad).
Consider preferences for cookies (on the x-axis) and ice cream bars (on the y-axis) for different people. Draw an indifference curve map with 3 indifference curves on each (label them) for each scenario below. The consumer a. views 2 cookies and an ice cream bar as perfect substitutes b. always eats 2 cookies with one ice cream bar c. likes ice cream bars but doesn't care about cookies (is neutral) d. Ioves ice cream but hates cookies (hint: cookies are a "bad")
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E Commerce Operational Aspects Accounting Auditing And Taxation Issues
Authors: Lata Sharma
1st Edition
8177084097, 978-8177084092
