Exercise 4.11: John's MRS for reading books with watching movies is three movies per book regardless
Question: Exercise 4.11: John's MRS for reading books with watching movies is three movies per book regardless of the amounts consumed. Would he rather read two books and watch no movies, or read no books and watch two movies? What is the formula for his family of indifference curves? What do these curves look like? In this example, are movies and books perfect substitutes, perfect complements, or neither?
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Type of Deliverable: Word Document
Type of Deliverable: Word Document
