Question: Carmen's preferences are such that she is always indifferent between watching two movies or seeing one basketball game. a. What must Carmen's indifference curves look
Carmen's preferences are such that she is always indifferent between watching two movies or seeing one basketball game.
a. What must Carmen's indifference curves look like?
b. Suppose that Carmen has an income of $90. If a movie costs $10 and a basketball game costs $18, what will Carmen's optimal consumption bundle be?
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Movies 10 BC 6 Optimal consumption 0 3 4 5 Basketball games
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a Carmens indifference curves are straight parallel lines For her watching a movi... View full answer
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