=+1. For each of the following situations, draw a diagram containing three of Isabellas indifference curves. a.

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=+1. For each of the following situations, draw a diagram containing three of Isabella’s indifference curves.

a. For Isabella, cars and tires are perfect complements, but in a ratio of 1:4; that is, for each car, Isabella wants exactly four tires. Be sure to label and number the axes of your diagram. Place tires on the horizontal axis and cars on the vertical axis.

b, Isabella gets

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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