2. Why does local non-satiation of preferences imply that a consumer would always choose a bundle on the boundary of the Walrasian budget set? Explain.


2. Why does local non-satiation of preferences imply that a consumer would always choose a<br>bundle on the boundary of the Walrasian budget set? Explain.<br>

Extracted text: 2. Why does local non-satiation of preferences imply that a consumer would always choose a bundle on the boundary of the Walrasian budget set? Explain.
2. Why does local non-satiation of preferences imply that a consumer would always choose a<br>bundle on the boundary of the Walrasian budget set? Explain.<br>

Extracted text: 2. Why does local non-satiation of preferences imply that a consumer would always choose a bundle on the boundary of the Walrasian budget set? Explain.

Jun 09, 2022
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