Technically, the indifference curves can't be indifferent to one another because there are points on one that contain more of both goods than points on the other. (In retrospect I wish I had included this in the video!)
Indifference curves can't be parallels because when X or Y tends to 0, Y or X tends to infinite in both curves, so they will cut in the infinite. The marginalist theory is inconsistent.
Will you continue your Behavioral Economics series? I would like to learn more about the "behavioral" side of economics.
Warning; GRAPHIC content hehe
Wtf
ua-cam.com/users/sgaming/emoji/7ff574f2/emoji_u1f923.png
indifference curves are indifferent to each other
Technically, the indifference curves can't be indifferent to one another because there are points on one that contain more of both goods than points on the other. (In retrospect I wish I had included this in the video!)
@@jodiecongirl Agreed
Thank❤
Indifference curves can't be parallels because when X or Y tends to 0, Y or X tends to infinite in both curves, so they will cut in the infinite. The marginalist theory is inconsistent.