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Author Question: The above figure shows Bobby's indifference map for juice and snacks. Also shown are three budget ... (Read 129 times)

mrsjacobs44

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on: Jun 18, 2019


The above figure shows Bobby's indifference map for juice and snacks. Also shown are three budget lines resulting from different prices for snacks assuming he has $20 to spend on these goods. Which of the following points are on Bobby's price-consumption curve?
◦ 10 snacks and 20 juices
◦ 10 snacks and 15 juices
◦ 10 snacks and 0 juices
◦ 10 snacks and 5 juices
Microeconomics ¦ Perloff ¦ 8th Edition
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Marked as best answer by mrsjacobs44 on Jun 18, 2019

Jadwiga9

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Reply #1 on: Jun 18, 2019
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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mrsjacobs44

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Reply #2 on: Jun 18, 2019
Excellent


Jadwiga9

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Reply #3 on: Jun 18, 2019
Great! Please up vote :D


darbym82

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Reply #4 on: Jun 18, 2019


The above figure shows Bobby's indifference map for juice and snacks. Also shown are three budget lines resulting from different prices for snacks assuming he has $20 to spend on these goods. Which of the following points are on Bobby's demand curve for snacks?
◦ p = 2, q = 5
◦ p = 2, q = 10
◦ p = 1, q = 20
◦ p = 2, q = 13


31809pancho

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Reply #5 on: Jun 18, 2019
p = 2, q = 5


danielfitts88

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Reply #6 on: Jun 18, 2019


The above figure shows Bobby's indifference map for juice and snacks. Also shown are three budget lines resulting from different prices for snacks. This information could be used to determine
◦ the slope of Bobby's demand curve for juice.
◦ the amount by which Bobby's demand curve for juice shifts when the price of snacks rises.
◦ the amount by which Bobby's demand curve for juice shifts when his income rises.
◦ All of the above.


Dunkey

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Reply #7 on: Jun 18, 2019
the amount by which Bobby's demand curve for juice shifts when the price of snacks rises.


danielfitts88

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Reply #8 on: Jun 18, 2019
Excellent


Dunkey

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Reply #9 on: Jun 18, 2019
Great! Please up vote :D


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