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How did the '50' in the utility function influence the optimal consumption bundle? How did the '10' in the utility function influence the optimal consumption
How did the '50' in the utility function influence the optimal consumption bundle? How did the '10' in the utility function influence the optimal consumption bundle? (i.e., how would the optimal bundle change if these coefficients were to change?). How would the optimal bundle change if the utility function was x 2 1x2? Lastly, how would the optimal bundle change if the utility function was loglinear: 2 ln x1 + ln x2?
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