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What is Ambrose about?

Ambrose consumes only nuts and berries. He likes both goods and his consumption bundle is represented as (x1, x2) where x1 is nuts and x2 is berries. Ambrose is indifferent between bundle (1,16) and bundles where x2 = 20 - 4x1. He is also indifferent between bundle (36,0) and bundles where x2 = 24 - 4x1. The document asks to plot indifference curves for bundles (1,16) and (36,0) and determine properties of Ambrose

Author

trilocksp Singh

Language

EN