Question

Suppose we have an indifference curve, with butterbeer on the Y axis and slurpees on the...

Suppose we have an indifference curve, with butterbeer on the Y axis and slurpees on the X axis.

a.) Show an indifference curve that illustrates you favor butterbeer over slurpees

b.) Now impose a budget constraint, with a budget of $30, where slurpees are $3 are butterbeer is $3. Show the utility maximizing point.

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