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This is a whole question which contains 1,2,3 Richard's preferences over chocolate, c, and money, m, can be represented by the utility function u (c,

This is a whole question which contains 1,2,3

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Richard's preferences over chocolate, c, and money, m, can be represented by the utility function u (c, m) = 6c +m +6 (c - rc) tu(m - I'm) where re is his chocolate reference point, I'm is his money reference point, and the function is defined as H (X) = 10100 x

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