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Posted on Jun 14, 2024

Max Gross has the utility function U ($1,532) 2 max(:c1,1t2). If the price of commodity one is the same as the price of commodity two,

\"Max Gross has the utility function U ($1,532) 2 max(:c1,1t2). If the price of commodity one is the same as the price of commodity two, Max will buy equal amounts of each commodity." Is this statement true, false, or ambiguous? Justify your

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