Mr. Abdulah enjoys Coffee (K) and Tea (T), with the utility function U (K, T) = 3K + 4T. Question: - Draw the Indifference curve for Abdul if the price of a cup of coffee and tea is Rp. 3, - and Mr....

Mr. Abdulah enjoys Coffee (K) and Tea (T), with the utility function U (K, T) = 3K + 4T. Question: - Draw the Indifference curve for Abdul if the price of a cup of coffee and tea is Rp. 3, - and Mr. Abdulah has Rp. 12, - to spend on Coffee and Tea. - If the coffee price drops to Rp. 2, - what effect will it have? He wants his satisfaction equal to the original Utility curve. Show it in the picture!

Jun 09, 2022
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