Below is an indifference schedule for Aristophanes (who lives in Halifax) for several combinations of products X and Y. Combination Quantity of X Quantity of Y a b C d e 20 16 12 10 9 Multiple Choice 1 2 3 4 5 In moving from combination a to b, Aristophanes gives up 4 units of X for 2 units of Y. gets 8 units of X for 2 units of Y. gets 1 unit of X for 4 units of Y.
Below is an indifference schedule for Aristophanes (who lives in Halifax) for several combinations of products X and Y. Combination Quantity of X Quantity of Y a b C d e 20 16 12 10 9 Multiple Choice 1 2 3 4 5 In moving from combination a to b, Aristophanes gives up 4 units of X for 2 units of Y. gets 8 units of X for 2 units of Y. gets 1 unit of X for 4 units of Y.
Principles of Microeconomics (MindTap Course List)
8th Edition
ISBN:9781305971493
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section: Chapter Questions
Problem 2CQQ
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