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John Is Indifferent Between Canned Soup and Fresh Soup

Question 119

Essay

John is indifferent between canned soup and fresh soup.Canned soup sells for $1 per serving and fresh soup sells for $2 per serving.Assuming that John has allocated $4 toward soup,how will he spend it? Explain your answer by drawing John's budget line and indifference curves.

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blured image See the above figure.Canned a...

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