Business, 16.03.2020 23:51 aylinkayla

When offered a choice between two sodas and 11 pizza slices or 14 sodas and three pizza slices, Nami replies that she would be equally happy with either choice. Now suppose Nami is given two sodas and 11 pizza slices, and is given the opportunity to trade them for one of three alternative portions, as follows: A. Nine sodas and five pizza slices: Nami would make the trade. B. Three sodas and seven pizza slices: Nami would decline the trade. C. Five sodas and six pizza slices: Nami could go either way (i. e., she is indifferent). The information you've been given is enough to draw an indifference curve describing Nami's preferences when it comes to soda and pizza. Plot the curve, as follows: first use the point tool to place three points, and then connect them using the curved-line tool.

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When offered a choice between two sodas and 11 pizza slices or 14 sodas and three pizza slices, Nami...

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