Question
a) find the demanded bundle for a consumer who's utility function is u(x1,x2)=(x1)^(3/2) *x2 with a budget constraint of 3x1 +4x2= 100. b) use the
a) find the demanded bundle for a consumer who's utility function is u(x1,x2)=(x1)^(3/2) *x2 with a budget constraint of 3x1 +4x2= 100.
b) use the utility function u(x1,x2)= x1^(1/2) *x2^(1/3) and the budget constraint m=p1x1+p2x2 to calculate x(p,m), v(p,m)
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
