Slope of indifference curve or slop of budget constraint

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1) Which slope is greater when there is a corner solution? Slope of the indifference curve or slop of the budget constraint? Explain.

2) Suppose a teenager is interested in buying a car that has a very good look. Draw the indifference curve for safety and look for this car, placing appearance on the horizontal axis.

Reference no: EM13894139

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