ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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In the diagram, assume the consumer whose indifference curves are shown is
currently in consumer equilibrium at point a. Which of the following could lead to
an optimal consumption bundle on indifference curve 13?
Quantity of
restaurant
meals
80
70
60
B.
50
40
30 -
20
10
6.
8.
10
12
14
16
Quantity of rooms
O A. an increase in income
OB. a decrease in the price of restaurant meals
OC. a decrease in the price of rooms
OD. all of the above
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Transcribed Image Text:In the diagram, assume the consumer whose indifference curves are shown is currently in consumer equilibrium at point a. Which of the following could lead to an optimal consumption bundle on indifference curve 13? Quantity of restaurant meals 80 70 60 B. 50 40 30 - 20 10 6. 8. 10 12 14 16 Quantity of rooms O A. an increase in income OB. a decrease in the price of restaurant meals OC. a decrease in the price of rooms OD. all of the above
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