- List and explain the three basic assumptions economists make
when developing a model of consumer behavior.
- Explain why two indifference curves cannot intersect. Illustrate
your explanation with a graph showing a consumer's indifference
Due 10 September.
Note: In order to receive a "credit" grade, your written
responses to the questions must be submitted by you personally (not
by some other student) by the start of class on the day it is due.