Stats Solutions

[Solution Library] I’ve been told I have odd tastes. So I thought about this and realized that: If I have more Y than X, then I always trade 5 Y for one X. If

Question: I’ve been told I have odd tastes. So I thought about this and realized that:

If I have more Y than X, then I always trade 5 Y for one X.

If I have more X than Y, then every time I give up one Y, I require 5 X to remain indifferent after the exchange.

  1. Plot and label points the following bundles A, B, and C and then graph my indifference curve through each of these points. A = (10, 50) B = (50, 50) C = (65, 5)
  2. Please tell me the value of my: Marginal Rate of Substation at point A : __________ Marginal Rate of Substation at point C = ______

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


∴ Other downloads you may be interested in ∴

log in to your account

Forgot password?
Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in