=+With the numbers in the previous paragraph, Georges income is $2,000 per week. Verify that you would
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=+With the numbers in the previous paragraph, George’s income is $2,000 per week. Verify that you would get the same optimal consumption bundle if you modeled this as a constrained optimization problem in which income was exogenously set at $2,000 per week.
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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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