erinfreeman5427 erinfreeman5427

28-05-2024
Business

Answered

Consider a consumer who values two goods, Coffee and Tea. The consumer values these as perfect substitutes with the utility function U=3C + 4T, where C and T represent Coffee and Tea respectively. What is the equation of the indifference curve for the bundle including 3 cups of Coffee and 4 cups of Tea?

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