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Instead suppose Ms. X consumes two tacos with every hamburger. Graph the indifference curve that passes through the point (3,3). If the indifference curve intercepts
Instead suppose Ms. X consumes two tacos with every hamburger. Graph the indifference curve that passes through the point (3,3). If the indifference curve intercepts the axes, label where they intercept. Graph several other representative indifference curves as well. Draw an arrow showing the direction in which the indifference curves are increasing. For both of the cases above, what type of preferences does Ms X have? What language in the question tipped you off? Are her preferences monotone? Are her preferences strictly convex? Suppose the EPA wants to reduce pollution given a consumer has Ms X's preferences. What do you think will be generally more effective at reducing pollution, applying a per unit tax to enviro-tacos or a per unit tax to polluto burgers
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