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1. PPA 723: Managerial Economics Lecture 5:
Indifference Curves
2. Managerial Economics, Lecture 5: Indifference Curves Outline
Properties of Consumer Preferences
Indifference Curves
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27. Managerial Economics, Lecture 5: Indifference Curves Economic analysis often depends on the distinction between a total, a average, and a margin.
In the case of utility
U = total utility
U/Z = average utility of Z
MUZ = ?U/?Z = marginal utility of Z
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