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John consumes non-negative quantities of two goods. 1 and 2. He has wealth w > 0 and faces the prices p1 > 0 and p2
John consumes non-negative quantities of two goods. 1 and 2. He has wealth w > 0 and faces the prices p1 > 0 and p2 > 0. John's preferences are described by the following utility function: 1 u(x1,x2) = x1 E
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