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Question: draw indifference curves to represent the following consumer preferences for...

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Draw indifference curves to represent the following consumer preferences. For each set of preferences draw two indifference curves U1 and U2 such like, U1 > U2

e) I like peanut butter and jelly, and have a diminishing marginal rate of substitution. f) I like to consume exactly 5 ounces of peanut butter and 5 ounces of jelly. The further away I get from this point, in any direction, the less happy I am.

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