Question: Draw indifference curves for each of the following situations. Label the axes and indicate the direction of preference. a. All movies are alike to

Draw indifference curves for each of the following situations. Label the axes

Draw indifference curves for each of the following situations. Label the axes and indicate the direction of preference. a. All movies are alike to Jake. He is indifferent between comedies and indie films. b. Fred considers horror movies a "good" and dramas a "bad". c. Corey enjoys comedies and thrillers only if he gets to watch three comedies for each thriller. If he watches an extra comedy or thriller outside of the 3:1 ratio, he derives no enjoyment from the movie. d. Carolyn doesn't care how many hours of movies she watches, but the more animated movies she watches, the happier/better off she is.

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ANSWER A All movies are alike to joke He is inddiffrent between comodies and indifilims If the graph ... View full answer

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