=+e. In part A, we held the consumers indifference curve in the graph fixed and argued that
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=+e. In part A, we held the consumer’s indifference curve in the graph fixed and argued that it is reasonable to approximate the consumer’s behavior this way given that apple expenditures are typically a small fraction of a consumer’s budget. Can you explain how what you just did in part B is different?
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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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