Could Figure 3.2 be a single indifference curve if preferences are mono-tonic? Figure 3.2 : X2 Alleged
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Could Figure 3.2 be a single indifference curve if preferences are mono-tonic?
Figure 3.2 :
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X2 Alleged indifference curves X1 Indifference curves cannot cross. If they did, X, Y, Z would all have to be indifferent to each other and thus could not lie on distinct indifference curves. and
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