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Wanda Lott's Utility Function Is U(x, Y)= Max{x, Y}

Question 26

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Wanda Lott's utility function is U(x, y)= max{x, y}.Draw some of Wanda's indifference curves.If the price of x is 1, the price of y is p, and her income is m, how much of y does Wanda demand?

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Wanda's indifference curves are rectangl...

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