If the price of x1 is bigger than the price of x2, I will only consume x2. If the price of x2 is bigger than the price of x1, I will only consume x1. how do you write out a function and draw an indifference curve to this, as I understand indifference curves do not include the price of a product at hand; therefore, how can we construct and draw one utility function that will adhere to the above conditions?
This question was answered on: May 23, 2022
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