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Micro economics graphing question about indifferences 34 . Indifference Curv 6 2 below represents different combinations of gourmet pretzels and gourmet chips that all yield

Micro economics graphing question about indifferences

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34 . Indifference Curv 6 2 below represents different combinations of gourmet pretzels and gourmet chips that all yield the same level of utility . The consumer has $ 100 of income a month budgeted to the purchase of gourmet chips and pretzels . The price of gourmet chips is $ 14 29 for a 3 -pack and the price of pretzels is $7 . 69 for a 3 - pack Part 1 : Use the copy tool to create a second indifference curve associated with a higher level of utility and label it Indifference Curve 3 ( Ind Curve Part 2 : Use the copy tool to create a third indiffere indifference curve associated with a lower level of utility and label it Indifference Curve 1 ( Ind Curve 1 ) Part 3 : Use the infini e infinite line tool to create a budget constraint using the information given in the introduction to this problem and label it as the Budget Constraint ( Budget Constr Part 4 : Use the point tool to identify the utility maximize ng combination of chips and pretzels and label it as the Optimal Choice Part 5 : Use the point tool to identify a combination of pretzels and chips that uses this individual's entire budget , but is not an optimal choice and imal choice an label it as the Suboptima timal Choice ( Suboptimal Ch . ) . oordinates : ( 4 75 , 13.00 ) as Ind Curve 1 Ind Curve 2 Ind Curve 3 Budget Constr Optimal Choice Suboptimal ch 35 . Loss aversion predicts which of the following behaviors tha I standard expected utility theory does not Why giving a mon ey back guarantee makes people less likely to return an ite

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