中微ch5.pptVIP

* * Examples of Corner Solutions -- the Perfect Substitutes Case x1 x2 MRS = -1 Slope = -p1/p2 with p1 = p2. * * Examples of Corner Solutions -- the Perfect Substitutes Case x1 x2 All the bundles in the constraint are equally the most preferred affordable when p1 = p2. * * Examples of Corner Solutions -- the Non-Convex Preferences Case x1 x2 Better * * Examples of Corner Solutions -- the Non-Convex Preferences Case x1 x2 * * Examples of Corner Solutions -- the Non-Convex Preferences Case x1 x2 Which is the most preferredaffordable bundle? * * Examples of Corner Solutions -- the