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Claims that jack and phil have the same preferences

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Jack and Phil both like apples and oranges. Jack's preferences over these two goods are represented by the utility function U(xa, xo) = log(xa) + log(xo), where xa is the number of apples consumed and xo is the number of oranges consumed. Phil's preferences are represented by the utility function U(x , x ) = x10x10. Their friend Ken sees this and claims that Jack and Phil have the same preferences. True or False? Explain.

Reference no: EM132001574

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