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Suppose that a person always consumes 3 scoops of ice cream with 1 ice cream cone..
a. Show such preferences in an indifference curve mapping with ice cream cones on the x-axis.
b. If the price of ice cream is PI per scoop and the price of cones is PC per cup and the consumer has m dollars to spend on ice cream and cones, how much will she want to purchase of each good? Show this bundle on your indifference curve mapping.
part a1. economics is the study of the principles governing the allocation of scarce means among competing ends when
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