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Micro economics 2

Chuckie07 · 2007-11-20 22:16:48

last question.... iv an exam tomoro and iv been doing papers and came across this... i cant really figure it out.... any tips anyone...asap im in trouble here as u see... i need a drink :(:confused: Anna's preference over goods one and two can be described as follows; bundle (x1,x2) is preferred to bundle (x1'x2') if the…

20-11-2007 10:16pm

#1

Chuckie07

Closed Accounts Posts: 4 ✭

Join Date: November 2007

Posts: 1

last question.... iv an exam tomoro and iv been doing papers and came across this... i cant really figure it out.... any tips anyone...asap im in trouble here as u see... i need a drink

Anna's preference over goods one and two can be described as follows; bundle (x1,x2) is preferred to bundle (x1'x2') if the maximum of x1 and x2 is greater than the maximum of x1' and x2' ; of maximums are equal, she is indifferent between the bundles.

how do ya find the indifference between (10,6) and (3,10) ..... draw the indifference curve through the bundles....

find a ulitiy function to represent these preferences??

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Comments

#2 06-12-2007 1:40am

Supermanscat

Closed Accounts Posts: 287 ✭✭

Join Date: December 2006

Posts: 242

Yeah i done that assignment! Rubin Gekker isnt it?! Couldn do that though!!

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