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Stanley consumes only white and red wines and his utility function can be described by U(R,W) = R0.40. W0.60
Stanley consumes only white and red wines and his utility function can be described by U(R,W) = R0.40. W0.60
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1 Stanleys utility function is URW where R is units of red wine consumed and W is units of white win...
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Making Hard Decisions with decision tools
Authors: Robert Clemen, Terence Reilly
3rd edition
538797576, 978-0538797573
