Jane always gets twice as much utility from an extra ballet ticket

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June 7th, 2024

1. Jane always gets twice as much utility from an extra ballet ticket as she doesfrom an extra basketball ticket, regardless of how many tickets of either type shehas. Draw Jane’s income consumption curve and her Engel curve for ballettickets.2. a. Orange juice and apple juice are known to be perfect substitutes. Draw theappropriate price-consumption (for a variable price of orange juice) and incomeconsumption curves.b. Left shoes and right shoes are perfect complements.price-consumption and income-consumption curves.Draw the appropriate

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