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A consumer has preference relation on R + 3 that is represented by the utility function: u ( x 1 , x 2 , x
A consumer has preference relation on R+3 that is represented by the utility function:
u(x1,x2,x3)=(ln(3x1+2x2+x3))3
Find the consumers demand, generally for all prices p=(2,3,p3)>>0 and the income/wealth w>0
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