John's MRS for reading books with watching movies is three movies per book regardless of the amounts
Question:
a. Would he rather read two books and watch no movies, or read no books and watch two movies?
b. What is the formula for his family of indifference curves? What do these curves look like?
c. In this example, are movies and books perfect substitutes, perfect complements, or neither?
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a Read two books and watch no movies b U 3Books Movies Straight lines with a negative sl...View the full answer
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