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3) Below are Bob's indifference curves over cows and pigs. One day, Bob wakes up with 6 cows and 12 pigs. Pigs 24 22 20
3) Below are Bob's indifference curves over cows and pigs. One day, Bob wakes up with 6 cows and 12 pigs. Pigs 24 22 20 18 16 14 12 10 4 N 0 2 6 8 10 12 14 16 18 20 22 24 Cows Answer the following questions. Show all your work. Clearly label the graph above when you are using it in your answer. a) Draw Bob's budget constraint under autarky. b) What is the price of pigs relative to the price of cows under autarky
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