Question: Hello! can anyone help me with this question?? Ed has the utility function U(C,M) = C 0.5 M 0.5 , where C = number of
Hello! can anyone help me with this question??
Ed has the utility function U(C,M) = C0.5M0.5 , where C = number of comic books per month ans M = number of movies per month. Gloria has the utility function V(C,M) = 15 + C0.5M0.5. Do Ed and Gloria have the same preference ordering of comics and movies? How can you tell?
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