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3. M.A. students only. Suppose a consumer has a utility function over a bundle of two goods, u(1,92). Suppose her preferences over bundles are
3. M.A. students only. Suppose a consumer has a utility function over a bundle of two goods, u(1,92). Suppose her preferences over bundles are strictly monotonic, such that > 0 for each good j = 1,2. Use this fact to show that her indifference curve slopes downward for any fixed level of utility. Ou
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Accounting Introduction To Financial Accounting
Authors: Henry Dauderis, David Annand
1st Edition
1517089719, 978-1517089719
