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draw me an indifference curve
draw me an indifference curve where someone does not value integrity very much compared to income
0 answers
asked by
david
930 views
The utility function is u(x1,x2) = min{x1,x2}. To draw the indifference curve would this just be the graph of a perfect
5 answers
134 views
Kelly’s utility function is given by U = 5X + 2Y, where MUX = 5 and MUY = 2
I know MRSxy would be 2.5 What is MRSXY when X = 1
0 answers
asked by
Olivia
996 views
Assume that a consumer’s indifference curve is bowed outward but satisfies the other three properties of indifference curves.
1 answer
asked by
Anonymous
666 views
define the following terms using graphs and mathmatical expressions
1) utility 2)Util 3)Iso cost 4)Indifference curve 5)Budget
11 answers
asked by
hirut
1,377 views
What is the indifference curve
1 answer
109 views
Define the indifference curve
1 answer
34 views
Briefly explain the value of an indifference curve to the economist
1 answer
asked by
Siya
152 views
colgate is one firm of many in the market for toothpaste, which is in long run equilibrium.
a) draw diagram showing colgate's
2 answers
asked by
wan
1,378 views
What are the factors of production? How does an iso-quant differ from an indifference curve?
1 answer
asked by
Rajesh
83 views