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For each of the following situations, sketch a representative indifference curve, provide a possible utility function, and provide as much detail as you can regarding MRS. Perfect complements

For each of the following situations, sketch a representative indifference curve, provide a possible utility function, and provide as much detail as you can regarding MRS. Perfect complements (e.g. coffee and cream)

Convex preferences/diminishing MRS  

Jun 07 2021 View more View Less

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