=+d.** Suppose tastes can be represented by the CES function u1x1 ,x2 2 5 10.5x1 2r 1

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=+d.** Suppose tastes can be represented by the CES function u1x1

,x2 2 5 10.5x1 2r 1 0.5x2 2r 2 21/r

Verify your intuitive answer from part (c).

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Microeconomics An Intuitive Approach With Calculus

ISBN: 9781337335652,9781337027632

2nd Edition

Authors: Thomas Nechyba

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Question Posted: Nov 04, 2024 05:00 AM

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=+d.** Suppose tastes can be represented by the CES function u1x1 ,x2 2 5 10.5x1 2r 1 0.5x2 2r 2 21/r . Verify your intuitive answer from part (c).
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=+d.** Suppose tastes can be represented by the CES function u1x1 ,x2 2 5 10.5x1 2r 1

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Microeconomics An Intuitive Approach With Calculus

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