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A consumer has expenditure function e ( p 1 , p 2 , u ) = p 1 + p 2 u p 1 p
A consumer has expenditure function e(p1,p2,u)=p1+p2up1p2 . Find a direct utility function, u(x1,x2) that rationalises this person's demand behavior.
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
