Mathematics, 12.02.2020 23:06 dthompson365
Suppose that John is indifferent between consuming bundle A, which consists of 4 apples and 1 peach, and bundle B, which consists of 4 peaches and 1 apple. If john were given the choice between bundle A and Bundle C, which contained 3 peaches and 2 apples, which should he pick? These goods are not perfect substitutes.
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Suppose that John is indifferent between consuming bundle A, which consists of 4 apples and 1 peach,...
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