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Hi I just got stuck on this question, would appreciate if I can get some guidance Suppose social well-being is determined by the function u
Hi I just got stuck on this question, would appreciate if I can get some guidance
Suppose social well-being is determined by the functionu(x1,x2, . . . ,xN) wherexiis the quantity of public serviceiprovided by the government.
How many first-order partial derivatives does U have? pick one of these and explain in words what it represents in the context of social well-being and public service provision.
Thanks
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