Clifford lives by the motto "Eat drink and be merry today, for tomorrow doesn't matter
" If today's consumption is represented by "x" and tomorrow's consumption is represented by "y", then which of the following best represents Clifford's utility function? A) U = x - y
B) U = x/y
C) U = x
D) U = y
C
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What will be an ideal response?
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The efficient price of a license fee is determined by the difference between
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