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Complete the following table by indicating which bundles Ginny strictly prefers to D given only the information in each figure. Information Given By... A B
Complete the following table by indicating which bundles Ginny strictly prefers to D given only the information in each figure. Information Given By... A B C E F G H Figure 1 C] C] C] C] C] C] C] Figure 2 C] C] C] C] C] Cl C] Indicate whether each of the following statements is true or false given the graphs. Statement True False Figure 1 indicates that Ginny prefers bundle G to C. O 0 Figure 2 indicates that Ginny is indifferent among bundles G and C. O O Ginny likes both soda and milk. Assume that the "more is better" principle applies to Ginny; that is. she would always prefer to consume more of either good, holding the consumption of the other good constant. The points on Figure 1 represent combinations of milk and soda that Ginny might choose to consume. Figure 2 shows the same points as Figure 1, but it also shows some of Ginny's indifference curves: 1] , I2, and 13. These curves show more information about Ginny's preferences than Figure 1. ?\\ If? Figure 1 Figure 2 0\" G '2\" E0 0 a\" a D a s o c a a 0 e O B A0 OF MILK {Glasses} MILK (Glassesi
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