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Question Consider the utility function of a consumer who obtains utility from consuming only two goods, q1 and q2, in fixed proportions. Specifically, the utility
Question Consider the utility function of a consumer who obtains utility from consuming only two goods, q1 and q2, in fixed proportions. Specifically, the utility of the consumer requires the consumption of two units of q2 for each unit of q1. A. [40 marks] i . Report the mathematical expression of the utility function of the consumer. ii. Provide a diagram of the corresponding indifference curves. iii. Provide at least one example and economic intuition
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