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1 2 . Edmund Stench loves punk rock video tapes. He has no income and therefore has to accept garbage in his backyard in return
Edmund Stench loves punk rock video tapes. He has no income and therefore has to accept garbage in his backyard in return for money. Each video tape cost $ and each sack of garbage that he accepts brings him $ His utility function is given by Uc g minc g where c is the number of video tapes and g is the number of sacks of garbage that he gets per month. Each month he can afford to buy how many video tapes.
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