Question
A consumer with a Leontief (perfect complements) utility function is indifferent between bundles (50,10) and (20,100). Is it possible to determine how this consumer would
A consumer with a Leontief (perfect complements) utility function is indifferent between bundles (50,10) and (20,100). Is it possible to determine how this consumer would rank the bundles (30,10) vs (20, 12)?
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Managing in a Global Economy Demystifying International Macroeconomics
Authors: John E. Marthinsen
2nd edition
128505542X, 978-1305176157, 1305176154, 978-1285055428
