=+b. Eddy and Larry have another brother named Daryl, who everyone thinks is a weighted average between
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=+b. Eddy and Larry have another brother named Daryl, who everyone thinks is a weighted average between his brothers’ extremes. Suppose he is a lot more like steady Eddy than he is like crazy Larry; that is, he is a weighted average between the two but with more weight placed on the Eddy part of his personality. Pick a bundle A on the 45-degree line and draw a plausible indifference curve for Daryl through A. Could his tastes be homothetic?
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Related Book For 
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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