Page 1 of 1
Alice only consumes bread (x1) and butter (x2). Her preferences over these goods are represented by vz(41, 42) = $10!* w
Posted: Wed Mar 09, 2022 8:36 am
by answerhappygod
- Alice Only Consumes Bread X1 And Butter X2 Her Preferences Over These Goods Are Represented By Vz 41 42 10 W 1 (119.19 KiB) Viewed 51 times
Alice only consumes bread (x1) and butter (x2). Her preferences over these goods are represented by vz(41, 42) = $10!* where 1 > a. »O Alice used to live in Town A. There, she had an income of m = 12 and faced prices pi = 1 and y = 2. Now, Alive lives in Town B, where her income is still m = 12 but prices are pi = 5 and y2 = 1 If rounding is needed, please round to 3 decimal places. a) When Alice chooses an optimal bundle of bread and butter in Town B, her MRS12 at that bundle is b) If Alice is exactly as satisfied with her optimal bundle in Town B as she was with her optimal bundle in Town A this means that