=+d. Now suppose that the politicians opponent in the campaign has the same production technology. Suppose further
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=+d. Now suppose that the politician’s opponent in the campaign has the same “production technology.” Suppose further that, at any “production plan” in the model, the opponent’s indifference curve has a shallower slope than the incumbent’s. Assuming the candidate who has produced more good voter feelings will win, will the incumbent or the challenger win this election?
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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