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1) Why is A smith when x=19,y=20? why is B smith x=24, y=40? how to work this out? 2) How do work out the budget
1) Why is A smith when x=19,y=20? why is B smith x=24, y=40? how to work this out?
2) How do work out the budget constraint in general
3) part b how we know that?
4) Explain the whole question, what it means eg 50% curtailed and answer, explain , any references or diagrams to all parts! thanks
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