Question
A person has the utility function U = 20A + 15B, has an income of $900, and faces prices PA= $4 and PB= $3. Give
A person has the utility function U = 20A + 15B, has an income of $900, and faces prices PA= $4 and PB= $3.
Give a bundle this person would pick that would maximize utility subject to the budget constraint. Enter the answers below for A and B in the format
A =
B =
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Principles Of Economics
Authors: Robert H. Frank, Ben Bernanke Professor, Kate Antonovics, Ori Heffetz
6th Edition
0078021855, 9780078021855
