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OCW Scholar - Principles of Microeconomics 10 Online
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?

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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