Question: 3) Consider the food stamp program. Jenny spends her disposable income on food and consuming all other goods. a) Draw indifference curves such that

3) Consider the food stamp program. Jenny spends her disposable income on

3) Consider the food stamp program. Jenny spends her disposable income on food and consuming all other goods. a) Draw indifference curves such that Jenny is indifferent between $100 cash transfer and $100 food voucher. b) Draw indifference curves such that Jenny prefers $100 cash transfer over $100 food voucher.

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