Solution-Draw a indifference curve that does not have

Draw a indifference curve that does not have diminishing mrs

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a) Often, we assume that consumers have diminishing MRS. Explain what that means and how it is reflected in indifference curves.

b) Can you draw an indifference curve that does not have diminishing MRS, but that is still allowed?

Reference no: EM13894284

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Draw a indifference curve that does not have diminishing mrs : Often, we assume that consumers have diminishing MRS. Explain what that means and how it is reflected in indifference curves.

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Draw a indifference curve that does not have diminishing mrs

Reference no: EM13894284

Reference no: EM13894284

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