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Consider a consumer with 10 euros and the utility function U(x,x)=x0,5x0,5. What is her optimal demand for the two goods, x and x, when the
Consider a consumer with 10 euros and the utility function U(x,x)=x0,5x0,5. What is her optimal demand for the two goods, x and x, when the prices of the two goods are in euros p=1 and p=4 ?
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