Well-behaved preferences-weak convexity

Reference no: EM13220536

Well-Behaved Preferences -Weak Convexity. X z x Preferences are weakly convex if at least one mixture z is equally preferred to a component bundle. The slope of an indifference curve is its marginal rate-of-substitution (MRS). X How can a MRS be calculated?

Reference no: EM13220536

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