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A consumer's utility function is given by U= min{4x 1 , x 2 }. The kinks or corners in the consumer's indifference curves occur alone
A consumer's utility function is given by U= min{4x1, x2}. The kinks or corners in the consumer's indifference curves occur alone the line given by:
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
4th edition
1305259335, 978-1305259331
