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Suppose a consumer has a utility function u(x,y)= √x² + y² over goods x and y Determine the equation for the indifferenc
Posted: Sun Jul 03, 2022 6:50 am
by answerhappygod
- Suppose A Consumer Has A Utility Function U X Y X Y Over Goods X And Y Determine The Equation For The Indifferenc 1 (125.05 KiB) Viewed 10 times
Suppose a consumer has a utility function u(x,y)= √x² + y² over goods x and y Determine the equation for the indifference Curve for utility level ū. Are these well behaved perferences? Suppose the price of x is $3 and the price of y is $2 and the consumer has income $10. what is his optimal consumption bundle?