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Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
Indifference curves are [convex/concave] towards the origin: Convexity results when the magnitude of the slope decreases as we move toward more of Good X and less of GoodY.
Answer
convex

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
Indifference curves are [convex/concave] towards the origin: Convexity results when the magnitude of the slope decreases as we move toward more of Good X and less of GoodY.
Answer
?

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
Indifference curves are [convex/concave] towards the origin: Convexity results when the magnitude of the slope decreases as we move toward more of Good X and less of GoodY.
Answer
convex
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Indifference curves are convex towards the origin: Convexity results when the magnitude of the slope decreases as we move toward more of Good X and less of GoodY.

Original toplevel document (pdf)

owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p50

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