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Sheila and Bruce are having a party. They are serving cans of beer (x) and bags of nuts (y). The following table summarizes their preferences
Sheila and Bruce are having a party. They are serving cans of beer (x) and bags of nuts (y). The following table summarizes their preferences and individual endowments. Utility Function Endowment Sheila 2 ln xS ln yS (18, 12) Bruce 1.5 ln xB ln yB (10, 20)
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
