22. Cameron's preferences can be represented by the utility function u(X,Y) = X02yo, If the market pr are px = 1 and p, = 1, what is Cameron's optimal mix of goods X and Y? a. X= Y b. X= 2Y c. 2X = Y d. X= 4Y e. 4X = Y
22. Cameron's preferences can be represented by the utility function u(X,Y) = X02yo, If the market pr are px = 1 and p, = 1, what is Cameron's optimal mix of goods X and Y? a. X= Y b. X= 2Y c. 2X = Y d. X= 4Y e. 4X = Y
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter5: Consumer Choice: Individual And Market Demand
Section: Chapter Questions
Problem 3DQ
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i am struggling with 22 because I don't know if it is c or a and I need help please!
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