1. If consumers were not rational, could indifference curves slope upwards to the right? 2. When you...

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1. If consumers were not rational, could indifference curves slope upwards to the right?

2. When you buy goods, do you ever later regret your choice of purchases? If so, does this mean that your behaviour was not rational in the first place, or is there some other explanation?

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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Question Posted: Apr 03, 2019 07:36 AM

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1. If consumers were not rational, could indifference curves slope upwards to the right? 2. When you...

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1 Not for this reason irrationality would not be a reason for indifference curves sloping upwards Th...View the full answer

Economics

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