Use Logic to Solve the Problem

question 11

Short Answer

Use logic to solve the problem.
-Farmer Higgs owns 5 white pigs, 3 grey pigs, and one black pig. How many of Higgs' pigs can say that it is the same color as another pig on Higgs' farm?

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Definitions:

Optimal Consumption

The point at which a consumer maximizes their utility or satisfaction from the goods and services they purchase, given their budget constraints.

Indifference Curves

Visual charts utilized in microeconomics to depict various combinations of two products that offer the same level of satisfaction and utility to a buyer.

Marginal Rate

Usually referred to in the context of taxes or production, indicating the rate of increase in tax payment or output produced with the addition of one unit of input.

Constant

A fixed value in mathematics and science that does not change under specified conditions.