Indifference curve-budget line analysis

Reference no: EM1387527

Write an essay:

a) Use an indifference curve-budget line analysis to depict the situations, prior to the ban on smoking, of a student who smoked on campus, and of a student who did not smoke.

b) Use an indifference curve-budget line analysis to depict the situations, after the ban on smoking, of a student who initially smoked on campus, and of a student who did not smoke.

c) Use you consumer theory to assess how much worse off, if at all, each student is after the ban.

d) Consider at least three (3) alternative policies that Curtin University could have implemented that might have achieved the same objective (reduce smoking levels). Evaluate these using your microeconomic theory. (e.g., public relations campaign about harmful effects of tobacco aimed at changing the shape of the ICs; increase price of tobacco; reduce the price of food).

e) Referencing.

Reference no: EM1387527

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