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If Rajiv buys his television in the store, it costs $600; whereas if he buys it online, it costs only $360. Suppose the utility Rajiv
If Rajiv buys his television in the store, it costs $600; whereas if he buys it online, it costs only $360. Suppose the utility Rajiv receives as a function of his wealth can be expressed in the following way: U(W)=W0.6. If Rajiv's level of wealth is $1,500 before purchasing a television, his utility from wealth will be utils if he purchases his television in the store, or utils if he purchases it online
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