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Utility function that can represent joe preference

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Reference no: EM132471715

Joe likes both pasta and sandwiches. He thinks that two plates of pasta are always as good as three sandwiches. Assuming that x1 and x2 are the consumptions of pasta and sandwiches, respectively. The income is m and the prices are p1 and p2, respectively.

1. Write down a utility function that can represent Joe's preference.

2. Derive the ordinary demand functions for both x1 and x2

Reference no: EM132471715

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