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Author Question: Measuring "y" on the vertical axis and "x" on the horizontal axis, convexity of indifference curves ... (Read 54 times)

itsmyluck

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on: Mar 14, 2021

Question 1

Indifference curves close to the origin are ________ those farther from the origin because of ________.
◦ better than; transitivity
◦ worse than; nonsatiation
◦ better than; completeness
◦ worse than; transitivity

Question 2

Measuring "y" on the vertical axis and "x" on the horizontal axis, convexity of indifference curves implies that the MRS of "y" for "x"
◦ is decreasing as "x" increases.
◦ is increasing as "x" increases.
◦ is constant as "x" increases.
◦ cannot be calculated for large levels of "x."
Managerial Economics and Strategy ¦ Perloff, Brander ¦ 3rd Edition
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Marked as best answer by itsmyluck on Mar 14, 2021

kthug

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Reply #1 on: Mar 14, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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itsmyluck

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Reply 2 on: Mar 14, 2021
Great answer, keep it coming :)

mjenn52

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Reply 3 on: Yesterday
:D TYSM

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