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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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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