Question: when the indifference is sloping upward and convex, we can say the x is bad and y is good. I am having an argument that
when the indifference is sloping upward and convex, we can say the x is bad and y is good. I am having an argument that X may be a good good but decreasing marginal utility , Y could be constant marginal utility or increasing marginal utility ? What is right here?
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