It is generally assumed that such curves are convex to the origin.
Now I-I is a particular indifference curve. We may think of the consumption of any bundle of goods on it as yielding a particular level of satisfaction, or utility, to the consumer. However there are indifference curves passing through every point on figure 2, each one negatively sloped and each one convex to the origin. Those which pass through points above and to the right of D. link
Indifference curves that cross are incompatible with the assumption that consumers order bundles of goods consistently.
Up bundles of goods that yield higher levels of satisfaction than those on I-I and those below and to the left yield lower levels of satisfaction. Such curves can never cross one another, for this would violate the rationality assumption....
Behavioral Economics for the Food InsecureFood security is a term that refers to access to adequate food by all people at all times for a healthy, active life. Food insecurity is one of the major issues in New York City that has worsened due to the coronavirus pandemic. Prior to the pandemic, approximately 12% of NYC residents were reporting food insecurity fears (Chang par, 2). According to a publication by
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