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OpenStudy (anonymous):
Hey guys i have a problem : a. Consider the utility function U(x, y) = 3x2 + 5y. Is the assumption that ‘more is better’ satisfied for both goods?
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OpenStudy (anonymous):
normally you compare 2 consumption bundles by substituting them in the utility function, and choose the one that gives you the highest Utility value.
OpenStudy (anonymous):
yes it is s
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