=+B. Consider the same scenario as the one described in part A. a. Give a utility function
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=+B. Consider the same scenario as the one described in part A.
a. Give a utility function that could be used to represent your tastes as you described them with the indifference curves you plotted in A(a).
b. Repeat for the tastes as you described them with the indifference curves you plotted in A(b).
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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