Draw tess indifference map over ham and cheese

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Tess derives all her utility from eating ham and cheese sandwiches, but she will eat only sandwiches made with two pieces of ham and one piece of cheese (she is a very picky eater!)

(a) Draw Tess' indifference map over ham and cheese, and illustrate her utility maximizing choice of the two products.

(b) Find Tess' demand for ham and cheese as a function of the price of cheese (pc) and the price of ham (ph).

Reference no: EM132795631

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