Question: Suppose there is a utility function: = ln 1 + 1 2 ln 2 + 1 4 ln 3 and the budget constraint:11 + 22
Suppose there is a utility function: = ln 1 + 1 2 ln 2 + 1 4 ln 3 and the budget constraint:11 + 22 + 33 = . Find the comparative statics term ( 1 , 2 , 3 )
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