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-   -   How to calculate consumption basket? (https://www.askmehelpdesk.com/showthread.php?t=815593)

  • Aug 26, 2015, 06:55 AM
    no_shhh
    How to calculate consumption basket?
    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

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