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villain villain
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A year ago
Mapping Utility with Indifference Curves

Assume a household receives a weekly income of $95. The graph shows the choices of that household as the price of sunblock changes.

If Q1=1, Q2=9, Q3=15, Q4=19, Q5=25, and Q6=30, fill in the prices on the household demand schedule. Please round your final answer to two decimal places.

Price of SunblockQuantity of Sunblock
P11​
P29​
P319​


▸ P1 = $95.00, P2 = $10.56, P3 = $5.00

▸ P1 = $6.33, P2 = $3.80, P3 = $3.17

▸ P1 = $3.17, P2 = $3.80, P3 = $6.33

▸ P1 = $5.00, P2 = $10.56, P3 = $95.00
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Macroeconomics

Macroeconomics


Edition: 3rd
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marcospolosmarcospolos
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A year ago
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