In april eggs cost 2 per dozen wine costs 1 per bottle your, Ask an Expert

Economics

In April, eggs cost $2 per dozen, wine costs $1 per bottle, your income is $120, and you buy 50 dozen eggs. In May, eggs cost 50 cents per dozen, wine still costs $1 per bottle, and your income is $60.

a) Is it possible to tell in which month you are happier?

b) Is it possible to tell in which month you buy more eggs?

Justify your answers with indifference curves.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91561843

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