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1. (10 points) The implication of a convex input requirement set is that the rm will prefer more balanced input bundles. Graphically illustrate two cases

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1. (10 points) The implication of a convex input requirement set is that the rm will prefer more balanced input bundles. Graphically illustrate two cases that the IRS is not convex, and explain why in the two cases, the rm will prefer more unbalanced bundles

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