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Draw indifference curves that represent the following individuals preferences for hamburgers and soft drinks Indicate the direction in which the individuals satisfaction or utility is increasing

Draw indifference curves that represent the following individuals" preferences for hamburgers and soft drinks. Indicate the direction in which the individuals" satisfaction (or utility) is increasing.

a. Joe has convex indifference curves and dislikes both hamburgers and soft drinks.

b. Jane loves hamburgers and dislikes soft drinks. If she is served a soft drink, she will pour it down the drain rather than drink it. c. Bob loves hamburgers and dislikes soft drinks. If he is served a soft drink, he will drink it to be polite.

May 02 2020 View more View Less

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