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Unformatted text preview: perfect substitute goods. 5. Graph and explain the optimal choice for a consumer who is considering the purchase of two perfect complements. 6. Graph and explain the optimal choice for a consumer who is considering the purchase of a regular good and a neutral good. 7. Graph and explain the optimal choice for a consumer who is considering the purchase of a regular good and a bad. 8. Graph and explain the optimal choice for a consumer who has concave preferences. 9. Write out the formulas for the optimal choice with Cobb Douglas preferences and describe the convenience in their interpretation....
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This note was uploaded on 08/08/2008 for the course ECON 301 taught by Professor Hansen during the Spring '08 term at University of Wisconsin.
 Spring '08
 Hansen
 Economics, Microeconomics

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