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Peregrinus Peregrinus
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6 years ago
Why are indifference curves between money income and leisure convex to the origin of the graph?  In your discussion, introduce the concept of marginal rate of substitution between leisure and money income and explain its relevance to the convexity property of the indifference curves.
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
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alanialani
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Peregrinus Author
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6 years ago
this is exactly what I needed
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Brilliant ツ
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