If we draw his indifference curves with good 1 on the
Bill Katz prefers more of good 1 to less and he prefers less of good 2 to more. Bill has convex preferences. If we draw his indifference curves with good 1 on the horizontal axis and good 2 on the vertical axis, what this image looks like and why?
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if preferences are convex then for any commodity bundle x the set of commodity bundles that are worse than x is a
bill katz prefers more of good 1 to less and he prefers less of good 2 to more bill has convex preferences if we draw
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