W 7 Ms. Bain maximizes 6. utility (given her budget constraint) at point X, skiing 2 days and spending 3 days horseback riding. Budget liņe Curve B U Y Curve A 1 Curve C V 1 2 3 4 5 6 7 Days of...

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Extracted text: W 7 Ms. Bain maximizes 6. utility (given her budget constraint) at point X, skiing 2 days and spending 3 days horseback riding. Budget liņe Curve B U Y Curve A 1 Curve C V 1 2 3 4 5 6 7 Days of horseback riding per semester Part II Graph N 4. 3. Days of skiing per semester


Extracted text: 1. Refer to the graph on page 2, assuming no budget constraint, which indifference curve represents the highest total utility that Mrs. Bain can enjoy from consuming days of horseback riding and days of skiing per semester? Justify your answer. Explain using the objective of consumers per the consumer behavior theory and assumption(s) of the Ordinal Utility Approach to support vour choice.