3.7 (0) Joan likes chocolate cake and ice cream, but after 10 slices of cake, she gets tired of cake, and eating more cake makes her less happy. Joan always prefers more ice cream to less. Joan's parents require her to eat everything put on her plate. In the axes below, use blue ink to draw a set of indifference curves that depict her preferences between plates with different amounts of cake and ice cream. Be sure to label the axes. (a) Suppose that Joan's preferences are as before, but that her parents allow her to leave anything on her plate that she doesn't want. On the graph below, use red ink to draw some indifference curves depicting her preferences between plates with different amounts of cake and ice cream.
3.7 (0) Joan likes chocolate cake and ice cream, but after 10 slices of cake, she gets tired of cake, and eating more cake makes her less happy. Joan always prefers more ice cream to less. Joan's parents require her to eat everything put on her plate. In the axes below, use blue ink to draw a set of indifference curves that depict her preferences between plates with different amounts of cake and ice cream. Be sure to label the axes. (a) Suppose that Joan's preferences are as before, but that her parents allow her to leave anything on her plate that she doesn't want. On the graph below, use red ink to draw some indifference curves depicting her preferences between plates with different amounts of cake and ice cream.
Chapter3: Preferences And Utility
Section: Chapter Questions
Problem 3.4P
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Transcribed Image Text:3.7 (0) Joan likes chocolate cake and ice cream, but after 10 slices of
cake, she gets tired of cake, and eating more cake makes her less happy.
Joan always prefers more ice cream to less. Joan's parents require her to
eat everything put on her plate. In the axes below, use blue ink to draw a
set of indifference curves that depict her preferences between plates with
different amounts of cake and ice cream. Be sure to label the axes.
(a) Suppose that Joan's preferences are as before, but that her parents
allow her to leave anything on her plate that she doesn't want. On the
graph below, use red ink to draw some indifference curves depicting her
preferences between plates with different amounts of cake and ice cream.
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