=+B. Suppose that our endowments are as specified at the beginning. My tastes can be represented by
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=+B. Suppose that our endowments are as specified at the beginning. My tastes can be represented by the utility function u M 1x1
, x2 2 5 x2 1 50 ln x1 and yours by the utility function u Y
1x1
, x2 2 5 x2 1 150 ln x1
.
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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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