Question: code class = asciimath > At observation t , a consumer is observed to buy the bundle x ^ ( t ) inR _ (
code class"asciimath"At observation t a consumer is observed to buy the bundle xtinRl at prices ptinRl Suppose we make the following three observations of a consumer: px;px;px Are these observations consistent with the maximization of a concave and strictly increasing utility function? Are these observations consistent with the maximization of a strictly concave and strictly increasing utility function?
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