Max u = max(x1, x2) - m with m strictly positive, income w, and price p1, - p2 for the good x1 and x2 respectively

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 16SQ
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Max u = max(x1, x2) - m with m strictly positive, income w, and price p1,
-
p2 for the good x1 and x2 respectively
Transcribed Image Text:Max u = max(x1, x2) - m with m strictly positive, income w, and price p1, - p2 for the good x1 and x2 respectively
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