tailieunhanh - Microeconomics Exercises

A basic assumption about consumers in microeconomics is that they have preferences over different baskets of goods. Explain the concepts “preference”, “preference order”, and “basketof goods”. Exercise a)If there are only two goods, it is possible to illustrate a consumer’s preferences over them with an indifference map. Draw an indifference map with three indifference curves. b)There are a few standard assumptions about what an indifference map can and cannot look like. Which are these assumptions, and what reasoning lies behind them?. | Essentials of Microeconomics Exercises Krister Ahlersten Download free books at bookboqncom Krister Ahlersten Microeconomics Exercises Download free ebooks at 2 Microeconomics - Exercises 2008 Krister Ahlersten Ventus Publishing ApS ISBN 978-87-7681-412-0 Download free ebooks at

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