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Question: mitch likes both juice and milk assume that the quotmore...

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Mitch likes both juice and milk. Assume that the more is better principle applies to Mitch; that is, he would always prefer to consume more of either good, holding the consumption of the other good constant. (Using the terminology of preferences, this means you assume that his preferences are monotonic.) The points on the following diagram represent combinations of milk and juice that Mitch might choose to consume JUICE (Cans per week MILK (Glasses per weekl Given only the information on the preceding diagram, you can be sure that Mitch strictly prefers to bundle D and that he strictly prefers bundle D toGiven only the information on the preceding diagram, what can you say about how Mitch ranks bundles G and F? O He is indifferent between G and F O He prefers G to F There is not enough information to compare the utility he receives from F versus G. O He prefers F to G. The following diagram shows the same points as the previous graph, but it also shows some of Mitchs indifference curves: IC1, IC2, and IC3. More information about Mitchs preferences is found in these curves than on the diagram you used to answer the previous questions JUICE (Cans per week] C3 IC2 IC1With the information revealed by Mitchs indifference curves, you can tell that he strictly prefers to bundle D, that he strictly prefers bundle D to that he is indifferent between bundle D and , and

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