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There are two shows on Netflix that Jeff can watch, Show 1 and Show 2. Where x1 measures the number of episodes watched of Show 1 and x2 measures the number of episodes watched of Show 2, Jeff's

There are two shows on Netflix that Jeff can watch, Show 1 and Show 2. Where x1 measures the number of episodes watched of Show 1 and x2 measures the number of episodes watched of Show 2, Jeff's preferences can be represented by u(x1, x2) = xſ + axz. Jeff has 12 hours available for watching Netflix today. Each episode of Show 1 lasts 30 minutes, while each episode of Show 2 lasts one hour. Draw an indifference curve for Jeff, then answer the following questions. If rounding is needed, please round to 3 decimal places. a) When a = 2, Jeff optimally watches. episodes of Show 1..... (fill in the blank) b) ... and he watches episodes of Show 2. (fill in the blank) c) When a = 6, Jeff optimally watches episodes of Show 1..... (fill in the blank) d) ... and he watches episodes of Show 2. (fill in the blank)

There are two shows on Netflix that Jeff can watch, Show 1 and Show 2. Where x1 measures the number of episodes watched of Sh

Jun 05 2021 View more View Less

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