Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder

تمرين 22

George has rather special preferences for streaming TV shows. As his income rises, he will increase his streaming until he reaches a total of seven shows per week. After he is streaming seven shows per week, however, further increases in his income will not cause him to stream more than seven shows (because he has no more time for watching).
a. Provide a simple sketch of George's indifference curve map.
b. Explain how George will respond to a fall in the price of streamed TV shows.