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1. The figure below shows Jenny's feasible frontier and indifference curves. Assume that her current allocation of time for study and leisure is represented
1. The figure below shows Jenny's feasible frontier and indifference curves. Assume that her current allocation of time for study and leisure is represented by point C. Explain why Jenny's utility is not optimized at point C. Would Jenny be better off at point D? Final grade 100 90 57 0 0 Feasible frontier D ( E 19 Hours of free time per day A MRS = MRT 24 -IC IC IC V
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Core Macroeconomics
Authors: Eric Chiang
3rd edition
978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435
