Sketch a map of indifference sets that are all parallel right angles that Kink on the line

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Sketch a map of indifference sets that are all parallel right angles that "Kink" on the line x1=x2.

If preference increases northeasterly , these preferences will satisfy Axioms 1,2,3 and 4'. Prove that they also satisfy Axiom5'. Do they satisfy Axiom4? Do they satisfy Axiom5?

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An Introduction to Analysis

ISBN: 978-0132296380

4th edition

Authors: William R. Wade

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Posted Date: Sep 03, 2020 10:15 AM

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Sketch a map of indifference sets that are all parallel right angles that Kink on the line

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Answer Convexity Axiom 5 requires that if x x then tx 1 tx x for all t e 0 1 Take any two vectors x ... View the full answer

An Introduction to Analysis

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