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Home Q & A Board Other Fields Homework Help Business Economics
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lbelcher lbelcher
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Posts: 482
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5 years ago
If preferences are transitive, indifference curves

• intersect at the equilibrium consumption bundle.

• intersect at the optimum consumption bundle.

• intersect where the marginal rate of substitution for each indifference curve is equal.

• do not intersect.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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WooWoo
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5 years ago
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