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The table shows the slope of Swindel's the indifference curve for various consumption bundles of ...

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The table shows the slope of Swindel's the indifference curve for various consumption bundles of ...

The table shows the slope of Swindel's the indifference curve for various consumption bundles of candy canes and candy corn, where candy canes are plotted on the Y axis and candy corn is plotted on the X axis.

Consumption Bundle	Slope of Indifference Curve
A	3.20
B	1.60
C	1.25
D	0.40

If Swindel has a budget of $21.00 and the price of a candy cane is $0.80 and the price of a bag of candy corn is $1.00, what is Swindel's optimal consumption?

▸ Point D

▸ Point C

▸ Point A

▸ Point B

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 52 times

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bluewiss Author

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Brilliant ツ

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Thanks for your help!!

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