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Joe Cool went to a baseball game and got very hungry for a hotdog. While it is true that the
ballpark sells soda and hotdogs separately, Joe Cool never has one without having one of the
other. Hisindifference curve map between these two goods is most likely
A. made up of linear indifference curves.
B. made up of indifference curves that bow “out” away from the origin.
C. made up of indifference curves that are positively sloped.
D. made up of indifferences curves that cross each other.
E. made up of “L” shaped indifference curves.
Solution
E. made up of “L” shaped indifference curves.
The curve is L shaped when goods are perfectly complementing eachother which is called as
Right-Angled indifference curve.

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Joe Cool went to a baseball game and got very hungry for a hotdog. W.pdf

  • 1. Joe Cool went to a baseball game and got very hungry for a hotdog. While it is true that the ballpark sells soda and hotdogs separately, Joe Cool never has one without having one of the other. Hisindifference curve map between these two goods is most likely A. made up of linear indifference curves. B. made up of indifference curves that bow “out” away from the origin. C. made up of indifference curves that are positively sloped. D. made up of indifferences curves that cross each other. E. made up of “L” shaped indifference curves. Solution E. made up of “L” shaped indifference curves. The curve is L shaped when goods are perfectly complementing eachother which is called as Right-Angled indifference curve.