quantity of croissants
35
(2,32)
30
25
20
(4,16)
15
10
(8,8)
(12,5)
5
0
2
4
6
8
10
12
14
quantity of muffins
Jim enjoys muffins and croissants. His indifference curve is illustrated in the graph, with multiple consumption bundles highlighted. Suppose Jim has 8 muffins
and 8 croissants. Which of the following trades would he accept?
4 muffins for 3 croissants
6 muffins for 6 croissants
4 muffins for 9 croissants
3 croissants for 2 muffins