In order to calculate the Pareto set, the slope of the indifference curves for both consumers must be calculated at each point.
42.
This translates to a linear expansion path in wealth : the slope of indifference curves is constant along rays beginning at the origin.
43.
Staying at the highest profit point would require the manager to be at a lower indifference curve " U " 2.
44.
The Max-Min social indifference curve takes the shape of two straight lines joined so as they form a 90-degree angle.
45.
The points on, for example, one of Octavio's indifference curves represent equally liked combinations of quantities of the two goods.
46.
He developed utility theory, introducing the indifference curve and the famous Edgeworth box, which is now familiar to undergraduate students of microeconomics.
47.
A collection of ( selected ) indifference curves, illustrated graphically, is referred to as an "'indifference map " '.
48.
Depending on the indifference curves, as income increases, the amount purchased of a good can either increase, decrease or stay the same.
49.
Depending on the indifference curves, the amount of a good bought can either increase, decrease, or stay the same when income increases.
50.
A 1993 paper in Labour Economics argued that last-in-first-out layoff rules means that union indifference curves are locally horizontal.
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