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Assume that professor X always spends 15% of his income on housing (good x) and 85% of his income on everything else (good y). Write
Assume that professor X always spends 15% of his income on housing (good x) and 85% of his income on everything else (good y). Write down a utility function that models this consumer's behavior. Explain.
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Plenitude The New Economics Of True Wealth
Authors: Juliet Schor
1st Edition
1594202540, 9781594202544
