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if a consumer has indifference curves that are convex to the origin but have a kink in them (similar to the perfect complements example, except the angle at the kink is greater than 90 degrees) how can we determine the optimal bundle? Use a graph to illustrate your answer. Can we use all the conditions that we derived for determining an interior solution?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9498326

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