(Answered) Construct a representative indifference curve for each of

Management Studies

Construct a representative indifference curve for each of the following situations. Describethe preferences in each case.

(a) The two goods are dimes (10¢) and loonies ($1)

(b) The two goods are money and oysters, and eating more than a certain number of oysters makes consumer sick.

(d) The two goods are right gloves and left gloves and the consumer has only one hand.

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