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Tom's father believes that the optimal amount for him to consume is 7 glasses of milk and 2 cookies. He measures deviations by absolute values.
Tom's father believes that the optimal amount for him to consume
is 7 glasses of milk and 2 cookies. He measures deviations by absolute
values. If Tom consumes some other bundle, say, (c,m), he measures
his departure from the optimal bundle by D = |7 - m| + |2 - c|. The larger
D is, the worse off she thinks Tom is. Draw his indifference curves.
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