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Draw an indifference curve for an individual showing that: (a) good X and good Y are perfect complements (b) Item X becomes a bad after
Draw an indifference curve for an individual showing that:
- (a) good X and good Y are perfect complements
- (b) Item X becomes a bad after 4 units
- Item Y becomes a bad after 3 units
- (d) MRS is increasing for both X and Y
Source is Dominick Salvador's Microeconomics Theory and Applications 5th ed.
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