How would your answer to Exercise 1 1 change if U ln (q 1 q 2 ) so that consumers have diminishing marginal utility of diamonds ...

In the previous problem consumers would simply purchase all manufactured diamonds or ...

How would your answer to Exercise 1.1 change if U = ln (q 1 + q 2

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How would your answer to Exercise 1.1 change if U = ln (q₁ + q₂) so that consumers have diminishing marginal utility of diamonds?

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Question Posted: Sep 21, 2024 05:17 AM

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How would your answer to Exercise 1.1 change if U = ln (q 1 + q 2 ) so that consumers have diminishing marginal utility of diamonds?
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How would your answer to Exercise 1.1 change if U = ln (q 1 + q 2

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Microeconomics Theory and Applications with Calculus

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