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user 18401
Binary relations that reflect which states of the world an agent considers to be most desirable. Preferences are a fundamental ingredient in the axiomatic study of consumer choice decision theory.
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Compare utility functions
I recently joined an econ class. I am so lost on how to prove their equality. As a math standpoint, these are completely different equations. Please help!
u1 (x1, x2) = x1^(2/3) x2^(1/3)
u2 (x1, x2) …
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