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4. Suppose a household consists of two agents, indexed by i=1,2. Let each agent i have a utility function given by U(ci, c) = a

4. Suppose a household consists of two agents, indexed by i=1,2. Let each agent i have a utility function given by U(ci, c) = a In(c) + (1-a)In(( i), i = 1, 2, where a is the preference parameter of each agent,

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