Question
The table shows an indifference schedule for several combinations of X and Y. In moving from combination c to e, the consumer a - gets
The table shows an indifference schedule for several combinations of X and Y.
In moving from combination c to e, the consumer
a - gets 3 units of X for 2 units of Y.
b - gets 1 unit of X for 2 units of Y.
c - gives up 1 unit of X for 1 unit of Y.
d - gives up 3 units of X for 2 units of Y.
| Combination | Quantity of X | Quantity of Y |
|---|---|---|
| a | 20 | 1 |
| b | 16 | 2 |
| c | 12 | 3 |
| d | 10 | 4 |
| e | 9 | 5 |
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International Political Economy
Authors: Thomas Oatley
6th Edition
1138490741, 9781138490741
