concern the CES utility function:
-For this utility function smaller values for
Imply:
A)increasingly concave indifference curves.
B)increasingly convex indifference curves.
C)indifference curves that are convex,linear,and then concave.
D)indifference curves that are concave,linear,and then convex.

Question

concern the CES utility function: 
-For this utility function smaller values for 
Imply:​
A)​increasingly concave indifference curves. 
B)​increasingly convex indifference curves. 
C)​indifference curves that are convex,linear,and then concave. 
D)​indifference curves that are concave,linear,and then convex.

Quizplus · Accepted Answer

The Answer of concern the CES utility function: 
-For this utility function smaller values for 
Imply:​
A)​increasingly concave indifference curves. 
B)​increasingly convex indifference curves. 
C)​indifference curves that are convex,linear,and then concave. 
D)​indifference curves that are concave,linear,and then convex.

Concern the CES Utility Function