Question
Chara has 2,000 euros and wants to buy fabrics and books with them.If the prices of fabrics are 30 euros per meter and books 60
Chara has 2,000 euros and wants to buy fabrics and books with them.If the prices of fabrics are 30 euros per meter and books 60 euros per unit:
A. Plan the income constraint and the total consumption possibilities of Haras.
B. If the prices of books increase by 20 euros and the prices of fabrics decrease by 10 euros, what will happen to the OP and the SKD?
C. If the prices of books increase by 20 euros, the prices of fabrics increase by 10 euros and the income of Hara increases by 500 euros, what will happen to the OP and the SKD?
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Classics In Game Theory
Authors: Harold William Kuhn
1st Edition
1400829151, 9781400829156
