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Ao9 Ao9
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8 years ago
We assume that the representative consumer's preferences exhibit the properties that
A) they are convex and that more is always preferred to less.
B) each consumer has one strictly preferred good and that consumption and leisure are both normal goods.
C) consumption and leisure are both normal goods and that the consumer likes diversity in his or her consumption bundle.
D) more is always preferred to less and that each consumer has one strictly favorite good.
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Macroeconomics

Macroeconomics


Edition: 5th
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GordisGordis
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8 years ago
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Ao9 Author
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#2
8 years ago
Solved!!
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8 years ago
You're welcome Wink Face Message me if you need any more assistance with your other questions.
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