=+c. Now consider the case described in A(c), with their tastes now described by the CobbDouglas utility
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=+c. Now consider the case described in A(c), with their tastes now described by the Cobb–Douglas utility functions u J
1c1
,c2 2 5 c1 a
c2 112a2 and u K
1c1
,c2 2 5 c1 b
c2 112b2
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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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