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SOLVED: 10. When measuring the substitution effect, one uses the change along A) the old indifference curve. B) the new indifference curve. C) either the old or the new indifference curve. D) the budget constraint. Chapter 5 11. John Brown's utility of income function is U = log(I 1), where I represents income. From this information you can say thatA) John Brown is risk neutral. B) John Brown is risk loving. C) John Brown is risk averse. D) We need more information before we can determine John B

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