no_shhh
Aug 26, 2015, 06:55 AM
what is the consumption basket, and what level of utility is received?
utility function is U(x,y)= x + 20 √y
income= $324
MUx=1
MUy=10/ √y
Px=$1.50
Py=$1
utility function is U(x,y)= x + 20 √y
income= $324
MUx=1
MUy=10/ √y
Px=$1.50
Py=$1