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Business, 25.02.2020 06:12 joshua13338

Jane has utility function � �, � = �E�W. The price of x is �., the price of y is �0, and Jane’s income is W. What is the expression of her consumption of x as a function of prices and income (her optimal consumption is determined by the tangency rule)?

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Jane has utility function � �, � = �E�W. The price of x is �., the price of y is �0, and Jane’s inco...

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