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A rational consumer prefers more of good x to less.If the price of good x rises and the prices of all other goods remain constant, then the consumer must necessarily demand less of x.
Q3: Holly's utility function is U(c<sub>1</sub>,c<sub>2</sub>)=c<sup>1/2</sup><sub>1</sub>+0.87c<sup>1/2</sup><sub>2</sub>,where c<sub>1</sub> is
Q5: Dudley,in Problem 15,has a utility function U(C,R)=
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