Question
Consider a consumer's preferences for good 1 and 2. The MRS 21 must become more positive (less negative) as consumption of good 1 decreases, if
Consider a consumer's preferences for good 1 and 2. The MRS21 must become more positive (less negative) as consumption of good 1 decreases, if we assume strictly convex preferences.
true?
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Microeconomics
Authors: David Besanko, Ronald Braeutigam
5th edition
1118572270, 978-1118799062, 1118799062, 978-1118572276
