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A consumer has a utility function given by (x, y ) = 34- + by. The price of x 18 2 and the price of
A consumer has a utility function given by (x, y ) = 34- + by. The price of x 18 2 and the price of y is 4. If the consumer has an income of 68, how much x and y will they choose to consume to maximize their utility
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Global Strategy
Authors: Mike W. Peng
5th Edition
0357512367, 978-0357512364
