=+a. Now consider me with my exogenous income I 5 2,000 instead. Using the same utility function
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=+a. Now consider me with my exogenous income I 5 2,000 instead. Using the same utility function we used for George in the text, derive my optimal consumption of gasoline as a function of p1
(the price of gasoline) and p2
(the price of other goods).
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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