1. Derive and plot Olivia’s demand curve for pie if she eats pie only à la mode and does not eat….
1. Derive and plot Olivia’s demand curve for pie if she eats pie only à la mode and does not eat either pie or ice cream alone (pie and ice cream are complements).
2. According to towerswatson.com, at large employers, 48% of employees earning between $10,000 and $24,999 a year participated in a voluntary retirement savings program, compared to 91% who earned more than $100,000. We can view savings as a good. In a figure, plot savings versus all other goods. Show why a person is more likely to “buy” some savings (put money in a retirement account) as the person’s income rises.
1. Derive and plot Olivia’s demand curve for pie if she eats pie only à la mode and does not eat…