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Mairoon Mairoon
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6 years ago
Johnny has $100 to spend on books and all other goods. Books cost $20 each and Johnny is at equilibrium consuming 3 books and $40 worth of other goods. Johnny's grandmom wants to give Johnny either a book or $20 for his birthday. Which gift does Johnny prefer? Explain using an indifference map and budget lines.
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Microeconomics

Microeconomics


Edition: 6th
Author:
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ChronosChronos
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6 years ago
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Mairoon Author
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6 years ago
Thanks for your help!!
Danivalda
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Yesterday
You make an excellent tutor!
foxrcng11
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2 hours ago
Just got PERFECT on my quiz
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