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Gary has two children, Kevin and Dora. Each one consumes "yummies" and nothing else. Gary loves both children equally. For ex, he is equally happy when Kevin has two yummies and Dora has three, or when Kevin has three yummies and Dora has two. But he is happier when their consumption is more equal. Draw Gary's indifference curves. What would they look like if he loved one child more than the other?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M947756

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