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A utility function U(x,y) = 2x +3y, where m = $1000 and px is $5 and py is $10. What is the optimal consumption of
A utility function U(x,y) = 2x +3y, where m = $1000 and px is $5 and py is $10. What is the optimal consumption of good x and of good y?
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
