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 one year ago
when the price of X is 3 and the price of Y is 3,an individual consumes a bundle of x=4,Y=4.when the price of X has become 1 and the price of Y 5,the individual chooses a bundle of X=3,Y=5.therefore,the consumer prefers (3,5) over (4,4).true or false,explain..
sub
 one year ago
when the price of X is 3 and the price of Y is 3,an individual consumes a bundle of x=4,Y=4.when the price of X has become 1 and the price of Y 5,the individual chooses a bundle of X=3,Y=5.therefore,the consumer prefers (3,5) over (4,4).true or false,explain..

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FlyingChineseBoy
 one year ago
Best ResponseYou've already chosen the best response.0I think the question may be wrong. where did you get the question?

FlyingChineseBoy
 one year ago
Best ResponseYou've already chosen the best response.0Not comparable. Fail to hold total budget and the consumption of other goods constant at the same time as (4,4) and (3,5) cost differently.

sub
 one year ago
Best ResponseYou've already chosen the best response.0no dear.i think we have to 1st find the income by its formula and then have to make graph,,

sub
 one year ago
Best ResponseYou've already chosen the best response.0then we can make budget line

FlyingChineseBoy
 one year ago
Best ResponseYou've already chosen the best response.0dw:1365401341275:dw According to the given 2 conditions, we can draw 1 consumption curve and 1 indifference curve tangent to it at the point (4,4). We can also draw 1 consumption curve and 1 indifference curve to it at the piont (3,5). When I was trying to draw the last indifference curve I found the 2 indifference curve must cross with each other to complete the gragh. But you know indifference curves never cross. So the given conditions are wrong.

keshav.rana.1992
 one year ago
Best ResponseYou've already chosen the best response.0acc to me utility is more in 3,5 so consumers prefers it
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