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A consumer has preferences represented by the utility function u( x 1, x 2) = 10( x 2 1 + 2 x 1 x 2
A consumer has preferences represented by the utility function u( x 1, x 2) = 10( x 2 1 + 2 x 1 x 2 + x 2 2) - 40. for this consumer, goods 1 and 2 are perfect substitutes.
True or False?
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
