Fiona requires a minimum level of consumption a threshold


Fiona requires a minimum level of consumption, a threshold, to derive additional utility: U(X,Z) is 0 if X+Z is less than or equal to 5 and is X+Z otherwise. Draw fionas indifference curves. Which of our usual assumption does this example violate.

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Microeconomics: Fiona requires a minimum level of consumption a threshold
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