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Hey, I'm cant figure out this exercise thanks for helping. An individual A has the utility function u = 32 x y. He consumes x
Hey, I'm cant figure out this exercise thanks for helping.
An individual A has the utility function u = 32 x y. He consumes x = 10 and y = 8.
Individual B has the utility function g = 3 x + 5 y. B consumes x = 9 and y = 13.
Check, for each person, if they prefer the basket they consume, or if they would like
better get the basket consumed by the other person.
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