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Author Question: Mapping Utility with Indifference CurvesAssume a household receives a weekly income of $95. The ... (Read 79 times)

erikka246

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on: Nov 23, 2022
Mapping Utility with Indifference Curves

Assume a household receives a weekly income of $95. The graph shows the choices of that household as the price of sunblock changes.

If Q1=1, Q2=9, Q3=15, Q4=19, Q5=25, and Q6=30, fill in the prices on the household demand schedule. Please round your final answer to two decimal places.

Price of SunblockQuantity of Sunblock
P11​
P29​
P319​

◦ P1 = $95.00, P2 = $10.56, P3 = $5.00
◦ P1 = $6.33, P2 = $3.80, P3 = $3.17
◦ P1 = $3.17, P2 = $3.80, P3 = $6.33
◦ P1 = $5.00, P2 = $10.56, P3 = $95.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by erikka246 on Nov 23, 2022

KeriJennin

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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erikka246

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

hollysheppard095

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Reply 3 on: Yesterday
Wow, this really help

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