Re: ISI 2015 PEA Answer Key

Posted by onionknight on May 03, 2015; 3:17pm
URL: http://discussion-forum.276.s1.nabble.com/ISI-2015-PEA-Answer-Key-tp7596538p7596560.html

This image shows the budget set of the consumers and also their allotments and their final chosen sets : http://s28.postimg.org/cnt5m6kfx/20150503_203428.jpg. Yes, they can have the same preferences since there is nothing that suggests otherwise. For instance, both of them could have their bliss point for consumption of y at y=15 and spend all the money left on x.