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Although economic theory does not ruleout concave indifference curves, we assume that they are convex to the origin. Why?
Although economic theory does not ruleout concave indifference curves, we assume that they
are convex to the origin. Why?
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Modeling Monetary Economies
Authors: Bruce Champ, Scott Freeman, Joseph Haslag
4th Edition
1316508671, 1316508676, 9781316723302 , 978-1107145221
