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Business, 06.10.2019 05:30 victoriazh2005

Draw a plot for each of the following situations (a-f) with good x on the x-axis and good y on the y-axis. make sure to draw at least 3 indi erence curves and a budget line. a) a situation where the tangency condition is always satis ed. b) a situation with a basket on the budget line that has positive amounts of both goods that satis es the tan- gency condition, but is not optimal. c) a situation with an optimal basket that satis es the tangency condition but is also a corner solution. d) a situation where that tangency condition is satis ed on the budget line, but with a negative amount of good x. e) a situation where the tangency condition is never sat- is ed.

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Draw a plot for each of the following situations (a-f) with good x on the x-axis and good y on the y...
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