Joe Consumes Crawfish and Shrimp

question 108

Essay

Joe consumes crawfish and shrimp.His utility function exhibits diminishing marginal utility of crawfish but the marginal utility of shrimp is constant.Will Joe's indifference curves be convex?

---

Definitions:

Diaphysis

The shaft or central part of a long bone.

Epiphyseal Plate

Also known as the growth plate, it is a hyaline cartilage plate in the metaphysis at the ends of long bones, where bone growth occurs.

Lacunae

Small cavities in bone or cartilage tissue that house cells.

Spongy Bone

Also known as cancellous or trabecular bone; a less dense, more porous form of bone found at the ends of long bones and in the vertebrae.