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MrGrimey MrGrimey
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6 years ago
Suppose that left shoes and right shoes must be purchased separately. Ingrid needs an equal number of each type of shoe and has a budget of $100 for shoes. Left shoes always cost $1. If right shoes cost $19 each, how many of each will Ingrid buy? If the price of right shoes increases to $49 each, how will Ingrid react? Explain your answer by drawing the indifference curves and budget lines.
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Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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RumkoRumko
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#1
Posts: 279
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6 years ago
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MrGrimey Author
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6 years ago
Good timing, thanks!
einstein
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Yesterday
Thank you, thank you, thank you!
mikeh209
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2 hours ago
Helped a lot
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