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Consider the utility function U=min(2x,y). What is the equation for the optimal consumption of x in terms of Px, Py, I. O Pa Py O
Consider the utility function U=min(2x,y). What is the equation for the optimal consumption of x in terms of Px, Py, I. O Pa Py O C = 2p.+Py I OC= Px +2Py I O C = 2 Px +Py Ox= Patz Py
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