You like cookies and you like chocolate. Draw a diagram to show that it is possible...

You like cookies and you like chocolate. Draw a diagram to show that it is possible for your optimal bundle to consist entirely of chocolate. Would it be correct for someone to conclude that, since you are only buying chocolate, you do not like cookies? Explain your answer carefully.

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Expert Solution

hence, choosing only chocolate as a optimal bundle does not necessarily mean that cookies are disliking.

Rahul Sunny answered 1 year ago

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