With a given income, you spends on X and Y . You view Y as good but
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With a given income, you spends on X and Y . You view Y as good but feel neutral about X. In another words, you don’t care whether you already have X or not. Draw the indifference map for this scenario with the y-axis is for good Y and x-axis for X.
Related Book For
Elementary Linear Algebra with Applications
ISBN: 978-0471669593
9th edition
Authors: Howard Anton, Chris Rorres
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