Keith is indifferent between canned soup and fresh soup. In the figure
Keith is indifferent between canned soup and fresh soup. In the figure above, Keith’s indifference curves are represented by I1, I2, I3, and I4 curves. Canned soup sells for $1 per serving and fresh soup sells for $2 per serving. What is Keith’s income?
A) $8
B) $4
C) $2
D) $5
ANSWER
B
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.