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Persistent link: https://www.econbiz.de/10011504235
The thesis of this paper is that when the indifference curve is concave to the origin, the optimal point on the budget line is not the corner solution on the highest (most north eastern) indifference curve, the analysis all too often offered in the literature, but, rather, somewhat...
Persistent link: https://www.econbiz.de/10011273798