Quantity of Good 1 10. Which of the following utility function represents the preferences for the indifference curves dr
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- Quantity Of Good 1 10 Which Of The Following Utility Function Represents The Preferences For The Indifference Curves Dr 1 (54.67 KiB) Viewed 45 times
Quantity of Good 1 10. Which of the following utility function represents the preferences for the indifference curves drawn above? a. U(91,92)=min{291,92} b. U(91,92)=min{(1,92} C. U(91,92)=min{(1,292} d. (91,92)= 2q1+2 e. U(91,92)= (1+292 11. (2 points) Continuing with the example above, if p1=10, P2=5, and y=100, find the optimal consumption bundle: 91 = q2 =