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Suppose Consumer Cannot Taste the Difference Between Miller Lite and Bud

Question 9

Essay

Suppose consumer cannot taste the difference between Miller Lite and Bud Light,but Miller Lite is sold in 12 ounce cans while Bud Light is sold in 8 ounce cans.In a graph with cans of Miller Lite on the horizontal and cans of Bud Light on the vertical axis,which of the following is the correct slope for this consumer's indifference curves:
a.
23- \frac { 2 } { 3 }
b.
-1
c.
32- \frac { 3 } { 2 }
d.
There is not enough information to tell.

Correct Answer:

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C
It takes 1.5 Bud Light cans to get to ...

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