the utility function isu u x yif the 2nd
The utility function is
U = U (X, Y)
If the 2nd derivative for both x and y is greater then 0, does that mean the indifference curves are both convex? Explain why or why not.
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the utility function isu u x yif the 2nd derivative for both x and y is greater then 0 does that mean the indifference curves are both convex
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