Figure 21-19
The figure shows three indifference curves and a budget constraint for a consumer named Hannah. When young, Hannah works and earns income. When old, she is retired and earns no income.

-Refer to Figure 21-19. At two of the four labeled points, Hannah is equally happy. Identify those two points.

Question

Figure 21-19
The figure shows three indifference curves and a budget constraint for a consumer named Hannah. When young, Hannah works and earns income. When old, she is retired and earns no income.
  ​
-Refer to Figure 21-19. At two of the four labeled points, Hannah is equally happy. Identify those two points.

Quizplus · Accepted Answer

The Answer of Figure 21-19
The figure shows three indifference curves and a budget constraint for a consumer named Hannah. When young, Hannah works and earns income. When old, she is retired and earns no income.
  ​
-Refer to Figure 21-19. At two of the four labeled points, Hannah is equally happy. Identify those two points.

Figure 21-19 The Figure Shows Three Indifference Curves and a Budget Constraint