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Question 1

The graph below shows indifference curves for product X and Y.

Which indifference curve provides the highest level of happiness or satisfaction?

 

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Question 2

Suppose that the consumer is spending all of her income and is consuming at point A.

What should the consumer do in order to maximize her happiness?

 

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Question 3

If the consumer spends all her income and tries to maximize her utility, which utility curve will she end up on?



 

Hint