There are two shows on Netflix that Jeff can watch, Show 1 and Show 2. Where <1 measures the number of episodes watched
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There are two shows on Netflix that Jeff can watch, Show 1 and Show 2. Where <1 measures the number of episodes watched
There are two shows on Netflix that Jeff can watch, Show 1 and Show 2. Where <1 measures the number of episodes watched of Show 1 and 12 measures the number of episodes watched of Show 2, Jeff's preferences can be represented by (1, 2) = 1 + aut. Jeff has 13 hours available for watching Netflix today. Each episode of Show 1 lasts 30 minutes, while each episode of Show 2 lasts one hour. Draw an indifference curve for Jeff, then answer the following questions. If rounding is needed, please round to 3 decimal places. a) When a = 2, Jeff optimally watches episodes of Show 1.... (fill in the blank) b) .. and he watches episodes of Show 2. (fill in the blank) When a = 6, Jeff optimally watches episodes of Show 1... (fill in the blank) d) ... and he watches episodes of Show 2. (fill in the blank)
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