Microeconomics,, 16th Canadian Edition

Study Exercises

1. Consider Katie’s preferences for magazines and ice cream cones.

Several “consumption bundles” are shown in the table below.

Bundle Ice Cream Cones Magazines

a 9 0

b 7 2

c 6 2

d 5 3

e 4 4

f 4 3

g 3 4

h 2 6

i 0 6