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  3. 3 a suppose that the alternatives are different amounts of...

Question: 3 a suppose that the alternatives are different amounts of...

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3. (a) Suppose that the alternatives are different amounts of money. Find a utility (b) Find a second distinct utility function that also represents your preferences over apples of oranges and no matter how function that represents your preferences over money money (e) Suppose that the alternatives are bundles of many you have, you are always willing to exchange 1 apple for 2 oranges. Write down a utility function that represents your preferences.

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