Darlene's Utility Function Is U(x, Y, Z)= X ⁴y ⁸z

question 56

True/False

Darlene's utility function is U(x, y, z)= x ⁴y ⁸z.If her income doubles and prices remain unchanged, her demand for good y will more than double.

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Definitions:

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An American economist and a professor at Columbia University, renowned for his work on income distribution, asset risk management, and globalization.

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