dolution
dolution.
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1. Debra travels to Mexico and enjoys both burritos and Coronas. The diagram shows her utility-maximizing choices.
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a. If the budget line is line 1, describe why point A is Debraﾃ｢竄ｬ邃｢s utility-maximizing choice.
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b. What event could explain why the budget line moves to line 2?
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c. What is the meaning of point B in the figure?
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d. Suppose Coronas are a normal good for Debra. What does this restriction imply about the location of point Is this restriction satisfied in the diagram?
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e. Suppose Coronas are an inferior good for Debra. How would this information be reflected in her choice following the move of the budget line to line 2?
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