Question
Ahmad consumes goods X and Y according to the utility function (, ) = (3, ) . If the price of good X is $1
Ahmad consumes goods X and Y according to the utility function (, ) = (3, ) . If the price of good X is $1 and the price of good Y is $3, and his income is $200. How many units of goods X and Y does Hani consume in order to maximize utility?
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The Economics of Public Issues
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
19th edition
134018974, 134018973, 9780134020532 , 978-0134018973
