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{"ops":[{"insert":"1.Do you know the assumptions which underlay the consumer\u2019s preferences? Explain them. \nGiven the following information on price of Maize flour (MF) 10$, the price of Rice (R) as 15$ and income of consumer 150$ when the consumer needs to maximize his utility function \nAnalyze the following graph on consumer behavior, through\na.Explaining the line\/curve A and C.\nb.Explaining what the movement from point D to B means theoretically, express that movement mathematically.\nc.Showing where is the equilibrium of consumer? Explain it. \nd.Finding the value of point F and E.\n \n\n"}]}
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