Unformatted text preview: 3. 1 liter Rum bottle with 30% alcohol, 1 liter of Tequila bottle with 40% alcohol. Individuals care only about the level of alcohol. 4. Temperature and humidity. The ideal combination for individual is 22 o and 30% humidity. (Hint: Bliss Point) 5. Radioactive waste and air pollution. Individual dislikes both. 6. Waste and food. Individual dislikes waste and likes food. 7. Temperature and food. The ideal temperature is 25 8. Chocolate and tickets for last week movie. 9. Two products X and Y . Individuals are satiated from consuming more than 10 units of Y 10. Food and entertainment. Individuals enjoy both but need at least 5 units of food. 11. (optional): There are two commodities - fresh air and garbage. Fresh air is a good and garbage is a bad. Rede&ne the commodities so that the prefernce relation becomes monotoe....
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This note was uploaded on 04/18/2011 for the course ECON 1110 taught by Professor Mehta during the Spring '08 term at Brown.
- Spring '08