utiling funetion D : u( X, Xx) = min { ax, -X» , 2X. -X, } = min i 2x, -X2, 2X -X, Í Uti liny function O ucXi, Xx) z max {2x, -Xo , 2Xx-X, { ノ Are both funcionO and e olways better oH if they get more of one of the goods ? arala in A Need alL detavo
utiling funetion D : u( X, Xx) = min { ax, -X» , 2X. -X, } = min i 2x, -X2, 2X -X, Í Uti liny function O ucXi, Xx) z max {2x, -Xo , 2Xx-X, { ノ Are both funcionO and e olways better oH if they get more of one of the goods ? arala in A Need alL detavo
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 19CTQ: Suppose Alphonsos town raises the price of bus tickets from 0.50 to 1 and file price of burgers...
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!
![utiling funelion D:
uC Xi, Xx) = min & ax, -X», 2X, -X. }
uti liay function O :
UcXis Xx) = max E2x, -X» , {
2X2 -X,
Are both fincrion o and ☺
always bether off if they
get more of one of the goods ?
Care fudly explain. ^ Need all detailks)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F326523a9-71e7-4a52-8998-4effa03489d0%2F268e36ea-0600-47e0-bdc1-79c4863533e9%2Fej8yuht_processed.jpeg&w=3840&q=75)
Transcribed Image Text:utiling funelion D:
uC Xi, Xx) = min & ax, -X», 2X, -X. }
uti liay function O :
UcXis Xx) = max E2x, -X» , {
2X2 -X,
Are both fincrion o and ☺
always bether off if they
get more of one of the goods ?
Care fudly explain. ^ Need all detailks)
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