Utility Maximization Continued July 5, 2005 Graphical Understanding Normal Indifference Curves Downward Slope with bend toward origin Graphical Non-normal Indifference Curves…
Slide 1 Utility Maximization Continued July 5, 2005 Slide 2 Graphical Understanding Normal Indifference Curves Downward Slope with bend toward origin Slide 3 Graphical Non-normal…