Introduction to Indifference Curves (including MRS/ Why they don't cross / Shape)
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Introduction to Indifference Curves (including MRS/ Why they don't cross / Shape)
Hi Everyone in this video I provide an introduction to indifference curves. In the video I explain what indifference curves are, and then I discuss three common features. The first feature is that indifference curves should never cross. The second feature is the interpretation of the slope of our indifference curves, and the slope is called the ...
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