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  3. 1 draw indifferences curves to represent each of the following...

Question: 1 draw indifferences curves to represent each of the following...

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1. Draw indifferences curves to represent each of the following type of preferences. (a) Quarters-dollars: A consumer is always happy to change 4 quarters for 1 dollar (b) Bicycle frames-tires: A consumer always wants 2 tires to go with 1 frame.

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