Question
A consumer has the utility functionU(X,Y)= MIN(3X, 6Y)and $199 to spend.The price of X = $4, and the price of Y = $1.Calculate the equivalent
A consumer has the utility functionU(X,Y)= MIN(3X, 6Y)and $199 to spend.The price of X = $4, and the price of Y = $1.Calculate the equivalent variation when the price of X changes to $11.Round your answer to two decimal places.
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Rural Development And Urban-Bound Migration In Mexico
Authors: Arthur Silvers, Pierre Crosson
1st Edition
1317270681, 9781317270683
