Tag Archives: Indifference curves
Why indifference curves are so hard to understand
Look at these curves. I see boobs like this all the time Every year, come exam time, students make mistakes that reveal a fundamental lack of understanding of indifference curves. They write "price" and "quantity" on the axes of their indifference curve diagrams, instead of "apples" and "oranges." They shade in the area below […]
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