Draw in difference maps that represent the following statements of preferences.

label Economics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

1) I like having 1 chesseburger with 3 orders of French Fries just as much as I like having 3 cheeseburgers with 1 order of French Fries, but I would really like a balanced bundle more.

Oct 14th, 2014

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An example that combines features above is a country that specializes in the production of high-tech knowledge products, as developed countries do, and trades with developing nations for goods produced in factories where labour is relatively cheap and plentiful, resulting in different in opportunity costs of production. More total output and utility thereby results from specializing in production and trading than if each country produced its own high-tech and low-tech products.

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Jun 13th, 2015

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Oct 14th, 2014
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Oct 14th, 2014
Sep 20th, 2017
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