c. Next, suppose (from here on out) that a 5 1 and b 5 2.25. Repeat the
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c. Next, suppose (from here on out) that a 5 1 and b 5 2.25. Repeat the optimization exercise assuming that the homeowner uses the function u (and not y). What would be the optimal asking price?
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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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