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8 One of the fundamental assumptions of the mainstream model can be summarised by the equation below. max xtXi (1) t=0 (2) St p(St)
8 One of the fundamental assumptions of the mainstream model can be summarised by the equation below. max xtXi (1) t=0 (2) St p(St) U (x|St) StSt (3) (4) Which part or parts of the equation best represents that a person's preferences can be mapped to a mathematical function?
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Answer In the mainstream economic model one of the fun...
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Auditing a business risk appraoch
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
6th Edition
9780324645095, 324645090, 978-0324375589
