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microeconomics 2. Symbolic Consumer Choice: Patrick {Pat} likes sports and food. Lucky for him, he lives In a simple world where there are only two

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microeconomics

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2. Symbolic Consumer Choice: Patrick {Pat} likes sports and food. Lucky for him, he lives In a simple world where there are only two consumer goods, footballs if) and ketchup {k}. both of which align well with his interests. Pat's preferences over possible bundles offootballs and ketchup are given by the utility function: U0", k) = (1 (1)in + dink, where [i

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