Order the answer to: For the following sets of…
| Question | For the following sets of goods draw two indifference curves, U1 and U2, with U2 > U1. Draw each graph placing the amount of the first good on the horizontal axis. a) Hot dogs and chili (the consumer likes both and has a diminishing marginal rate of substitution of hot dogs for chili) b) Sugar and Sweet’N Low (the consumer likes both and will accept an ounce of Sweet’N Low or an ounce of sugar with equal satisfaction) c) Peanut butter and jelly (the consumer likes exactly 2 ounces of peanut butter for every ounce of jelly) d) Nuts (which the consumer neither likes nor dislikes) and ice cream (which the consumer likes) e) Apples (which the consumer likes) and liver (which the consumer dislikes) |
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| Subject | business-economics |
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