Answered Same DayOct 28, 2021

Answer To: need help

Rochak answered on Oct 28 2021
119 Votes
Answer a: “s” is the units of consumption which the consumer will consume, and this depends on the other consumers consumption. The value which “s” can take ranges from 0 to 1. This means that as the value of ‘s’ increases the utility derived by the consumer will increase, therefore we can say that...
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