Lecture-38 Convexity of Consumption Set

[@anshukalshyan5967]

Awesome sir very very helpful

[@QuratUlain-do7yt]

Sir i have a question that (3,3) bundle can be conceived in mind but can not be affordable, isn't it sir?

[@VinaySingh-tv2nr]

Yes consumption set only talks about conceivability of a bundle and not about it's affordability. So a bundle (3, 3) may be conceivable but not affordable if the person doesn't have that much money to afford it.

[@souhityogupta7704]

Your lectures are too awesome .

[@adarshkrs584]

Thanks 🙏

[@hankwilliams7717]

Can you plz explain why 1- lamda