Answered: Is the indifference curve of…

Is the indifference curve of U(x1,x2)=max(x1,x2) considered to be the curve for a perfect complement since the shape of it is opposite to the L-shape?

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

ChapterC: Budget Constraint And Indifference Curve Analysis

Section: Chapter Questions

Problem 4QP: Use indifference curve analysis to derive a demand curve.

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Is the indifference curve of U(x1,x2)=max(x1,x2) considered to be the curve for a perfect complement since the shape of it is opposite to the L-shape?

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