Use the definition of strict convexity

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Trang has strictly convex indifference curves and is indifferent between the bundles (16, 2) and (2, 4).

a) Use the definition of strict convexity to show that Trang prefers (9, 3) to (2, 4).

b) Can you say whether Trang would prefer (8.9, 2.9), (9.1, 3.1) or (1, 1) to (2, 4)?

Reference no: EM13863456

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