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Paper 1
Suppose that Sally’s preferences over baskets containing food (good x), and clothing (good
y), are described by the utility function U(x y) =vx+ y. Sally’s corresponding marginal
utilities are, MUx / (2vx) and MUy = 1:
Paper 1 Suppose that Sally’s preferences over baskets containing food (good x), and clothing…
August 8th, 2017 
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