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Consider an individual whose preferences are described by the following utility function: (91:512): 61 Q1 + Q2 q120,q220,a>0 1) Describe the function and provide a
Consider an individual whose preferences are described by the following utility function: \"(91:512): 61 Q1 + Q2 q120,q220,a>0 1) Describe the function and provide a possible scenario in which the function could be employed to describe the decision of a consumer. Set up the problem of the consumer that targets the maximisation ofthe utility function U, for given prices (p1, p2) and disposable income Y
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