Re: ISI question

Posted by Abhitesh on Jan 15, 2017; 12:33pm
URL: http://discussion-forum.276.s1.nabble.com/ISI-question-tp7603064p7603067.html

ICs seem correct. There can be cases of straight line and concave curves. The only condition is the question is positive slope. IMO convex curves are more realistic as the more smoke you breath the greater will be marginal disutility.

s=(alpha)x ; 0<=x<=M/p is the budget line.