Consider again the example in within-chapter-exercise 29a.2. Suppose d 5 1/ 1.05 < 0.952. What is the
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Consider again the example in within-chapter-exercise 29a.2. Suppose d 5 1/ 1.05 < 0.952. What is the highest level of b that could lead to the choices in the example? What would d have to be now if b 5 1 to lead to the present choice, and why does this not help us explain the dual result described in the example?
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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