Question: Repeat Problem 7, but assume that Humphrey's preferences correspond to the utility function while Lauren's preferences correspond to the utility function This is a case

Repeat Problem 7, but assume that Humphrey's preferences correspond to the utility function while Lauren's preferences correspond to the utility function This is a case of perfect substitutes.

UH(F, W) = 2F+W,

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Humphrey and Laurens MRSs will not be equal If Humphrey starts out with six pounds of food instead o... View full answer

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