suppose the utility function of Vivian is U=602/3Y1/3. The unit priice of Good X is $10 while the unit price of Good Y is $30. Vivian has a budget of $1,800 to be spent on Good X and Good Y. Find the optimal consumption bundle of vivian show your calculations
suppose the utility function of Vivian is U=602/3Y1/3. The unit priice of Good X is $10 while the unit price of Good Y is $30. Vivian has a budget of $1,800 to be spent on Good X and Good Y. Find the optimal consumption bundle of vivian show your calculations
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 25SQ
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suppose the utility function of Vivian is U=602/3Y1/3. The unit priice of Good X is $10 while the unit price of Good Y is $30. Vivian has a budget of $1,800 to be spent on Good X and Good Y.
Find the optimal consumption bundle of vivian show your calculations.
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