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QUESTION
Well-Behaved Preferences -Weak Convexity. X z x Preferences are weakly convex if at least one mixture z is equally preferred to a component bundle.
Well-Behaved Preferences -Weak Convexity. X z x Preferences are weakly convex if at least one mixture z is equally preferred to a component bundle. The slope of an indifference curve is its marginal rate-of-substitution (MRS). X How can a MRS be calculated?
