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(Hand in) Compute the MRS for the following utility functions and evaluate if the utility functions represent convex pre
Posted: Sat Feb 19, 2022 2:44 pm
by answerhappygod
- Hand In Compute The Mrs For The Following Utility Functions And Evaluate If The Utility Functions Represent Convex Pre 1 (60.55 KiB) Viewed 17 times
(Hand in) Compute the MRS for the following utility functions and evaluate if the utility functions represent convex preferences. (a) (21,22) = 2/11 +2/12 1 = = (b) u(x1, x2) = x1 + x2 (c) (C1, 12) = (x1 + x2) (d) u(x1, 12) = (x + x)? (e) Extra credit: Draw a diagram with an indifference curve for the utility function in part (d). =