GeorgeS4234 GeorgeS4234
  • 10-02-2020
  • Mathematics
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Suppose two individuals (smith and jones) each have 10 hours of labor to devote to producting either ice cream (x) or chicken soup (y). smith's utility function is given by

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tlrmrcm
tlrmrcm tlrmrcm
  • 10-02-2020
It has to be either 10x or 10y
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