Solution-Three or four of harold indifference

Three or four of harold indifference

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Harold consumes chardonnay and quiche. His utility function is U(c,q)=min{c,q2}. Draw a diagram showing three or four of Harold's indifference curves. If the price of chardonnay is$10 and the price of quiche is $3 and if Harold is consuming 4 units of quiche, how many units of chardonnay is he consuming?

Reference no: EM131405474

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Three or four of harold indifference : Harold consumes chardonnay and quiche. His utility function is U(c,q)=min{c,q2}. Draw a diagram showing three or four of Harold's indifference curves. If the price of chardonnay is$10 and the price of quiche is $3 and if Harold is consuming 4 units..

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Three or four of harold indifference

Reference no: EM131405474

Reference no: EM131405474

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