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Microeconomics 2nd Edition by Douglas Bernheim
Edition 2ISBN: 978-0071287616Microeconomics 2nd Edition by Douglas Bernheim
Edition 2ISBN: 978-0071287616 Exercise 3
Repeat worked-out problem 11.1 (page 378), assuming that the indifference curves are L-shaped, as in exercise 11.4.
Explanation
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The expected payoff is basically the wei...
Microeconomics 2nd Edition by Douglas Bernheim
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