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 indifference curve word problem
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jhayes
New Member

USA
1 Posts

Posted - 09/08/2007 :  23:59:49  Show Profile
In recent years, fresh bagel sales have been growing at about 30 percent
per year. Once considered an ethnic food to be eaten only with cream cheese
and lox, bagels now "have become the new doughnut to bring to the office,"
according to Michael Goldstein of Goldstein's Bagel Bakery in Pasadena,
California. But one problem with bagels is that they get stale fast. In the
words of Ray Lahvic, editor emeritus of Bakery Production and Marketing,
"the worst thing in the world is a day-old bagel. If a market researcher
asserts that the slope of the typical consumer's indifference curves between
fresh bagels and day-old bagels is -1, would you agree with this asserČtion?
Why or why not?
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tkhunny
Advanced Member

USA
1001 Posts

Posted - 09/09/2007 :  00:21:19  Show Profile
We need a scale. What does an "Indifference Curve" do? Domain and Range are...? Typical value might be...?
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