lets us assume ,aleeza consumption basket consist os two goods ,X1 and X2.three preferences statements from a-c are given below .develope MRS and graph the indifference curves that matches the given information; a) aleeza consider X1 and X2 as perfect substitutes with one unit of X1 equivalent to four un its of X2. b) aleeza consume three units of x2 with every unit of X1 c) aleeza likes good X1 ands neither likes nor dislikes good X2.

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter3: Preferences And Utility
Section: Chapter Questions
Problem 3.4P
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lets us assume ,aleeza consumption basket consist os two goods ,X1 and X2.three preferences statements from a-c are given below .develope MRS and graph the indifference curves that matches the given information;

a) aleeza consider X1 and X2 as perfect substitutes with one unit of X1 equivalent to four un its of X2.

b) aleeza consume three units of x2 with every unit of X1

c) aleeza likes good X1 ands neither likes nor dislikes good X2.

 

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