Question
Bobby has the following utility function: U ( X , Y ) =.$+ .$where X is his consumption of candy bars, with price PX =
Bobby has the following utility function:U(X,Y) =".$+ ".$whereXis his consumption of candy bars, with pricePX= $1, andYis his consumption of espressos, withPY= $3. Assume that his incomeI= $100. How many candy bars and how many espressos will Bobby have?
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The Wisdom Of Crowds
Authors: James Surowiecki
1st Edition
0385721706, 9780385721707
