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3. Draw two indifference curves for each of the following pairs of goods. Put the quantity of the first good on the horizontal axis and
3. Draw two indifference curves for each of the following pairs of goods. Put the quantity of the first good on the horizontal axis and the quantity of the second good on the vertical axis. a. Paul likes pencils and pens, but does not care which he writes with. b. Rhonda likes carrots and dislikes broccoli. c. Emily likes hip-hop iTunes downloads and doesn't care about heavy metal downloads. d. Michael only likes dress shirts and cufflinks in 1 to 2 proportions. e. Carlene likes pizza and shoes. *4. Suppose that John is indifferent between consuming bundle A, which consists of 4 apples and 1 peach, and bundle B, which consists of 4 peaches and 1 apple. If John were given the choice between bundle A and bundle C, which contained 3 peaches and 2 apples, which should he pick? (Hint: Draw an indifference curve or two.)
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