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Consider a consumer with a utility function u (x1, x2) = Vx + x2 .lf the prices for goods 1 and 2 are 2
Consider a consumer with a utility function u (x1, x2) = Vx + x2 .lf the prices for goods 1 and 2 are 2 and 1 respectively, and income is 20, what is the consumer's optimal consumption of good 1?
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
