Jack and phil both like apples and oranges jacks


Jack and Phil both like apples and oranges. Jack's preferences over these two goods are represented by the utility function U(xa, xo) = log(xa) + log(xo), where xa is the number of apples consumed and xo is the number of oranges consumed. Phil's preferences are represented by the utility function U(x , x ) = x10x10. Their friend Ken sees this and claims that Jack and Phil have the same preferences. True or False? Explain.

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Business Economics: Jack and phil both like apples and oranges jacks
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