If a consumer has a utility function u(x 1 , x 2 ) x 1 x 2 4 , what fraction of her income will she spend on good 2 ...

If a consumer has a utility function u(x 1 , x 2 ) = x 1 x

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If a consumer has a utility function u(x₁, x₂) = x₁x₂⁴, what fraction of her income will she spend on good 2?

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Intermediate Microeconomics

ISBN: 978-0393934243

8th edition

Authors: Hal R. Varian

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Question Posted: Feb 25, 2019 06:01 AM

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If a consumer has a utility function u(x 1 , x 2 ) = x 1 x

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Intermediate Microeconomics

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