=+a. If we represent a households tastes with the CobbDouglas function u(x1 , x2 ) 5 x1

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=+a. If we represent a household’s tastes with the Cobb–Douglas function u(x1

, x2

) 5 x1 a

(12a)

, what should a be?

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Microeconomics An Intuitive Approach With Calculus

ISBN: 9781337335652,9781337027632

2nd Edition

Authors: Thomas Nechyba

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Question Posted: Nov 04, 2024 02:00 AM

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=+a. If we represent a households tastes with the CobbDouglas function u(x1 , x2 ) 5 x1 a x2 (12a) , what should a be?
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=+a. If we represent a households tastes with the CobbDouglas function u(x1 , x2 ) 5 x1

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Microeconomics An Intuitive Approach With Calculus

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