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Exploring Unusual Indifference Curves and Consumer Preferences

This analysis delves into uncommon indifference curves that reveal unique consumer preferences. The statements illustrate varied responses to choices, such as indifference between Diet Coke and Diet Pepsi, enjoyment of peanut butter only with jelly, and disinterest in dancing despite enjoying drinking. We also examine extreme preferences, as seen in President George H. Bush's broccoli aversion unless incentivized. Furthermore, we highlight the relationship between candy consumption and dental health. Understanding these curves offers insights into consumer behavior beyond typical models.

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Exploring Unusual Indifference Curves and Consumer Preferences

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  1. Unusual Indifference Curves Draw the indifference curve(s) associated with each statement.

  2. Unusual Indifference Curves • I don’t care if I drink Diet Coke or Diet Pepsi. • I don’t care for either peanut butter or jelly alone, but peanut butter with jelly I enjoy. • I like drinking but I find no pleasure in dancing.

  3. Unusual Indifference Curves • President George H. Bush does not eat broccoli unless you paid him. • Candy and chewing gum ruin your teeth; the smaller the consumption of those items, the healthier your teeth.

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