[OPE-L:30] [OPE-L:254] Re: Re: Re: Chapter 1

Duncan K. Foley (dkf2@columbia.edu)
Thu, 29 Oct 1998 14:28:19 -0500

Gil writes in part:

>a relationship of preference indifference can be
>construed to mean that bundles in the indifference set yield equal marginal

I think the relation "Commodity bundle x is indifferent to Commodity bundle
y" means that they yield equal utilities (if there's a utility function)
not equal marginal utilities.


Duncan K. Foley
Department of Economics
Barnard College
New York, NY 10027
fax: (212)-854-8947
e-mail: dkf2@columbia.edu