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Which of the following utility function does NOT feature a preference for variety? x: number of apples eaten y: number of bananas eaten (Hint: calculate
Which of the following utility function does NOT feature a preference for variety?
x: number of apples eaten
y: number of bananas eaten
(Hint: calculate the utility of two bundles (1) (3 apples, 3 bananas) (2) (0 apples, 6 bananas) and compare)
a. x+y
b. xy
c. min(x,y)
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