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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.
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Microeconomics
Authors: Roger A Arnold
13th Edition
1337617407, 9781337617406
