Use the following information to calculate lucy’s optimal bundle and her resulting utility: 𝐼𝐶:𝑈
Posted: Sun Jun 05, 2022 11:44 am
Use the following information to calculate lucy’s optimal bundle
and her resulting utility: 𝐼𝐶:𝑈(𝑥,𝑦) = 𝑥0.5𝑦0.5 𝑃𝑥 = 6, 𝑃𝑦 =
4, 𝑚 = 240,
and her resulting utility: 𝐼𝐶:𝑈(𝑥,𝑦) = 𝑥0.5𝑦0.5 𝑃𝑥 = 6, 𝑃𝑦 =
4, 𝑚 = 240,