Re: iSI 2012 PEB

Posted by Dr. Strange on Apr 28, 2016; 6:36pm
URL: http://discussion-forum.276.s1.nabble.com/iSI-2012-PEB-tp7600049p7600160.html

q 3. )
We have 3 cases:
alpha>1 indifference curve is concave so extremes are preferred
alpha =1, perfect substitute , so extremes are preferred'
alpha<1, indifference curve  is convex so means are preferred