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Preferences and well-behaved indifference curves

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Reference no: EM132056707

Consider the assumptions about preferences and well-behaved indifference curves.

A. List the 3 assumptions about preferences, and for each briefly explain why they are logical.

B. List the 3~4 properties of (well-behaved) indifference curves, and explain their intuition.

Reference no: EM132056707

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