Is it possible to tell in which month you are happier

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Reference no: EM13887746

In April, eggs cost $2 per dozen, wine costs $1 per bottle, your income is $120, and you buy 50 dozen eggs. In May, eggs cost 50 cents per dozen, wine still costs $1 per bottle, and your income is $60.

a) Is it possible to tell in which month you are happier?

b) Is it possible to tell in which month you buy more eggs?

Justify your answers with indifference curves.

Reference no: EM13887746

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