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book Microeconomics 2nd Edition by Douglas Bernheim cover

Microeconomics 2nd Edition by Douglas Bernheim

Edition 2ISBN: 978-0071287616
book Microeconomics 2nd Edition by Douglas Bernheim cover

Microeconomics 2nd Edition by Douglas Bernheim

Edition 2ISBN: 978-0071287616
Exercise 3
Julia and Frank consume hamburgers ( H ) and salads ( S ). Julia's utility function is U ( H , S ) = 4 H 0.3 S 0.9 , and Frank's is U ( H , S ) = H 0.1 S 0.3. They have the same income and face the same prices. How do their purchases of hamburgers and salads compare
Explanation
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Calculate the MRS of J's preferences. J'...

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Microeconomics 2nd Edition by Douglas Bernheim
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