Economy, asked by priyapanakkada, 8 months ago

what is convex preference? ​

Answers

Answered by ayushisrivastav655
2

Answer:

In economics, convex preferences are an individual's ordering of various outcomes, typically with regard to the amounts of various goods consumed, with the property that, roughly speaking, "averages are better than the extremes".

Answered by 0xXIshuRajputXx0
4

Answer:

Explanation:

A surface that curves outwards is called a convex surface .

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