Can you describe what happens to the slopes of the indifference curves on the 45-degree line, above

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Can you describe what happens to the slopes of the indifference curves on the 45-degree line, above the 45-degree line and below the 45-degree line as r becomes large and as the elasticity of substitution therefore becomes small?

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Intermediate Microeconomics: An Intuitive Approach With Calculus

ISBN: 116465

1st Edition

Authors: Thomas Nechyba

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Question Posted: Nov 02, 2024 05:01 AM

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Can you describe what happens to the slopes of the indifference curves on the 45-degree line, above

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Intermediate Microeconomics: An Intuitive Approach With Calculus

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