Mathematics
Mathematics, 27.06.2019 10:10, ashleytellez

Suppose two individuals (smith and jones) each have 10 hours of labor to devote to producting either ice cream (x) or chicken soup (y). smith's utility function is given by

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Business, 22.09.2019 17:30, JN02
Jones, a farmer, found an odd-looking stone in his fields. he went to smith, the town jeweler, and asked him what he thought it was. smith said he did not know but thought it might be a ruby. jones asked smith what he would pay for it, and smith said $200, whereupon jones sold it to smith for $200. the stone turned out to be an uncut diamond worth $3,000. jones brought an action
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