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Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder
Edition 12ISBN: 978-1133189022Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder
Edition 12ISBN: 978-1133189022 Exercise 33
Consider the contour line "Y = 3" in Figure 1A.5:
1. If Z is reduced from 9 to 3, by how much will X have to be increased to keep Y at 3?
2. If Z is further reduced from 3 to 1, by how much will X have to increase to keep Y at 3?
3. Show the numerical reasoning behind your answers to Questions 1 and 2. Then calculate the values that X must take on to keep Y at 3 if Z takes on every unit value between 9 and 1.
1. If Z is reduced from 9 to 3, by how much will X have to be increased to keep Y at 3?
2. If Z is further reduced from 3 to 1, by how much will X have to increase to keep Y at 3?
3. Show the numerical reasoning behind your answers to Questions 1 and 2. Then calculate the values that X must take on to keep Y at 3 if Z takes on every unit value between 9 and 1.
Explanation
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Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder
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