A consumer has preferences represented by the utility
A consumer has preferences represented by the utility function: U(x1, x2) = 10(x12 + 2x1x2 + x22) - 50. For this consumer, goods 1 and 2 are perfect substitutes. true or false? explain your answer
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a consumer has preferences represented by the utility function ux1 x2 10x12 2x1x2 x22 - 50 for this consumer goods
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