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The Complete Idiot's Guide to Economics, 2nd Edition by Tom Gorman

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Milk and/or Cookies

Let’s consider the complex mind of a seven-year-old consumer. His name is Jimmy, and he only buys two things: milk and cookies. Jimmy loves milk and cookies. He loves milk and cookies so much that he will buy them in almost any combination. But he wants them both. He finds milk with no cookies to be insufferably dull. He finds cookies with no milk to be insufferably dry. But beyond that, Jimmy is indifferent to most combinations of milk and cookies. Over the course of his week in school, he’ll find equal satisfaction among the following combinations of glasses of milk and cookies:
Indifference Combinations
092
These are called ...

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