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Consider a person whose preferences can be represented by the utility function U= ln(q1-u1)+(1- )ln(q2-u2)where the parameter parameter lies strictly between zero and one, andu1
Consider a person whose preferences can be represented by the utility function
U= ln(q1-u1)+(1- )ln(q2-u2)where the parameter parameter lies strictly between zero and one, andu1 Given this information:
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