Re: Microeconomics ques

Posted by novice on Jun 15, 2015; 2:29am
URL: http://discussion-forum.276.s1.nabble.com/Microeconomics-ques-tp7597758p7597771.html

1. sure amount => indifferent between having x1 or L1
I think he prefers L1 to L2 if and only if he had a larger budget set => x1>x2.

3. I think no systematic relation because as they are two different markets and nothing said about the cost functions.