explain what convex indifference curves means in
Explain what convex indifference curves means in terms of marginal utility. What properties must a utility function have in order to obtain convex indifference curves?
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consider the following homogenous difference equation xtb0b1xt-1a iterate backwards xt can be written in terms of xt-2b now show xt can be written in
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explain what convex indifference curves means in terms of marginal utility what properties must a utility function have in order to obtain convex
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