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Author Question: Keith is indifferent between canned soup and fresh soup. In the figure above, Keith's indifference ... (Read 150 times)

tnt_battle

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on: Jul 1, 2018
Keith is indifferent between canned soup and fresh soup. In the figure above, Keith's indifference curves are represented by I1, I2, I3, and I4 curves. Canned soup sells for 1 per serving and fresh soup sells for 2 per serving. What is Keith's income?
 
  A) 8
  B) 4
  C) 2
  D) 5

Question 2

An optimal choice in which a consumer does not consume all types of goods
 
  A) is a corner solution.
  B) cannot be an equilibrium.
  C) cannot exhaust the budget constraint.
  D) is an interior solution.
Microeconomics ¦ Perloff ¦ 8th Edition
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jxjsniuniu

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Reply #1 on: Jul 1, 2018
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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tnt_battle

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

amcvicar

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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