=+b. Suppose that the politician dislikes expending effort but likes the higher probability of winning reelection that
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=+b. Suppose that the politician dislikes expending effort but likes the higher probability of winning reelection that results from good voter feelings. Assume that tastes are rational, continuous, and convex. Illustrate what indifference curves for this politician will look like.
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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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