= Suppose a consumer has a utility function U(x1, x2) = x11'3 x223 . If the prices of the two goods are p1=2 and p2=3 th

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= Suppose a consumer has a utility function U(x1, x2) = x11'3 x223 . If the prices of the two goods are p1=2 and p2=3 th

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Suppose A Consumer Has A Utility Function U X1 X2 X11 3 X223 If The Prices Of The Two Goods Are P1 2 And P2 3 Th 1
Suppose A Consumer Has A Utility Function U X1 X2 X11 3 X223 If The Prices Of The Two Goods Are P1 2 And P2 3 Th 1 (54.93 KiB) Viewed 68 times
= Suppose a consumer has a utility function U(x1, x2) = x11'3 x223 . If the prices of the two goods are p1=2 and p2=3 then to maximise utility the ratio of consumption of x2 and x1 should be O x1=X2 2x1=X2 3x2=X1 3x2=2X1 3x2=4x1
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