Question
Alice has the utility function u(x1, x2) = 2x^ (1/3) y^ (1/2), where x 0 and y 0 are the amounts of the two goods
Alice has the utility function u(x1, x2) = 2x^ (1/3) y^ (1/2), where x 0 and y 0 are the amounts of the two goods that she consumes
Bundle A = (75,50)
Find a consumption bundle B that contains more than 75 of good 1 such that Alice is indifferent between bundles A and B.
Solve and please provide proof
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Economics
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
21st Edition
1259723224, 9781259723223
