Question: Dewey consumes only two goods, X and Y. His indifference curves have the usual shape. He prefers basket (1, 3) to basket (3, 1). a.
Dewey consumes only two goods, X and Y. His indifference curves have the usual shape. He prefers basket (1, 3) to basket (3, 1).
a. Is it possible to tell whether Dewey prefers (1, 3) to (2, 2)?
b. Is it possible to tell whether Dewey prefers (3, 1) to (2, 2)?
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a You should be able to draw an indifference curve through 1 3 ... View full answer
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