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Midterm Exam, Econ 210A, FallElmer Kink’s utility function is min{x1 , 2x2 }. Draw a few indifference curves for Elmer. These are L-shaped, with the corners lying on the line x1 = 2x2 . Find each of the follow
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Document Date: 2008-11-19 18:29:11
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Midterm Exam, Econ 210A, FallElmer Kink’s utility function is min{x1 , 2x2 }. Draw a few indifference curves for Elmer. These are L-shaped, with the corners lying on the line x1 = 2x2 . Find each of the follow