=+B.** Suppose that the households tastes over consumption and leisure can be represented by the CES utility
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=+B.** Suppose that the household’s tastes over consumption and leisure can be represented by the CES utility function u1c,,2 5 1ac 2r 1 11 2 a2, 2r 2 21/r
.
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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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