HW chap 4-10

Ahowdoesjenniferrankthefollowingbundles

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Unformatted text preview: undle 2, she prefers bundle 1 to bundle 2, regardless of the number of scones in either. If the two bundles have the same number of muffins, she prefers the one with more scones. a. How does Jennifer rank the following bundles? i. 4 muffins, 6 scones ii. 4.1 muffins, 0.5 scone iii. 0 muffins, 100 scones (ii) > (i) > (iii) b. Consider the case where Jennifer has 3.5 muffins and 4.5 scones. Consider graphs 10 B 1, 10 B 2, and 10 B 3 below. Identify the graph that shows all of the bundles she prefers to that one. In each graph, the shaded area represents the set of points that are as least as preferable to the bundle with 3.5 muffins and 4.5 scones. Graph 10 B 2 10 B 1 Sco n e 10 9 8 7 6 5 4 3 2 1 0 0 1 2 3 4 5 6 7 8 9 10 M u f f in http://e z to.mhe c loud.mc gr a w- hill.c om/hm.tpx? todo= pr intvie wSingle 5/8 1/22/2014 Assignme nt Pr int Vie w 10 B 2 Sco n e 10 9 8 7 6 5 4 3 2 1 0 0 1 2 3 4 5 6 7 8 9 10 M u f f in http://e z to.mhe c loud.mc gr a w- hill.c om/hm.tpx? todo= pr intvie wSingl...
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