The non-satiation principle governing them states that greater quantities are always more desirable than lesser ones, and the completeness principle states that individuals know their own preferences.
The non-satiation principle governing them states that greater quantities are always more desirable than lesser ones, and the completeness principle states that individuals know their own preferences. Never crossing and always convex and facing the origin, they are parallel in the case of perfect substitutes, and their slope is called the marginal rate of substitution. For 10 points, name these curves that illustrate the utility consumers get from various combinations of given goods.
The non-satiation principle governing them states that greater quantities are always more desirable than lesser ones, and the completeness principle states that individuals know their own preferences.
{indifference} curves