Use an indifference curve (Chapter) diagram (gift goods on one axis and all other goods on the

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Use an indifference curve (Chapter) diagram (gift goods on one axis and all other goods on the other) to illustrate that a consumer is better off receiving cash rather than a gift. Relate your analysis to the Mini- Case “The Deadweight Loss of Christmas Presents.”

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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