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(Solved): **PLEASE DRAW IT** Problem 3. [15 points] Suppose commodity 1 is a good until the quantity x1 ...



**PLEASE DRAW IT**

Problem 3. [15 points] Suppose commodity 1 is a good until the quantity \( x_{1}^{*} \), after which it becomes a bad. In oth

Problem 3. [15 points] Suppose commodity 1 is a good until the quantity , after which it becomes a bad. In other words, is the perfect amount of commodity 1 . Suppose that you can't get enough of commodity 2 . That is, commodity 2 is always a good. a. Draw an indifference curve for this scenario and clearly label on your graph. b. Why does it look like this? Briefly explain.


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Indifference curve is defined as th
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