Question
Consider the following perfect-substitutes utility function U(x, x)=X+X2. When p=$2, P2=$8 and consumer income is $22, what is the slope of the Engel curve
Consider the following perfect-substitutes utility function U(x, x)=X+X2. When p=$2, P2=$8 and consumer income is $22, what is the slope of the Engel curve for x? Round your answer to the nearest 0.01.
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A Survey of Mathematics with Applications
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
10th edition
134112105, 134112342, 9780134112343, 9780134112268, 134112261, 978-0134112107
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