Explain indifferent between receiving gift certificate


The average 15-year old purchases 12 CDs and 15 cheese pizzas in a typical year. If cheese pizzas are inferior goods, would the average 15-year old be indifferent between receiving a $30 gift certificate at a local music store and $30 in cash? Explain.

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Microeconomics: Explain indifferent between receiving gift certificate
Reference No:- TGS068307

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