of 3 ZOOM 3. Draw a graph with an indifference curve and a budget line for two goods, movies (measured on the vertical axis) and concerts (measured in the horizontal axis) to illustrate a case where the consumer is buying a non-optimal combination on MUConcerte Pconcerts her budget line for which MUMovies PMovies

Principles of Microeconomics (MindTap Course List)
8th Edition
ISBN:9781305971493
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
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ZOOM
3. Draw a graph with an indifference curve and a budget line for two goods, movies
(measured on the vertical axis) and concerts (measured in the horizontal axis) to
illustrate a case where the consumer is buying a non-optimal combination on
Pconcerts
MU Concerts
her budget line for which MUMouer
PMovies
Transcribed Image Text:ZOOM 3. Draw a graph with an indifference curve and a budget line for two goods, movies (measured on the vertical axis) and concerts (measured in the horizontal axis) to illustrate a case where the consumer is buying a non-optimal combination on Pconcerts MU Concerts her budget line for which MUMouer PMovies
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