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Steps please to make sure my answers are correct. Consider an economny where 100 identical individuals have preferences over the consumption of good r and

Steps please to make sure my answers are correct.

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Consider an economny where 100 identical individuals have preferences over the consumption of good r and good & described by the utility function u = 312/321/3 and income y. The goal of each individual is to maximize utility subject to the budget constraint pre + p,

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