Question
If Charlie's utility function were X 2 A X B , the price of apple were P A , and bananas' PB, and his income
If Charlie's utility function were X2AXB, the price of apple were PA , and bananas' PB, and his income were m, then Charlie's demand for apple would be :
1- m/(2pA)
2- m/(pA + pB)
3- 1.50pBm/pA
4- 0.67*m/pA
5- 0.50pAm
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Applied Regression Analysis And Other Multivariable Methods
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
5th Edition
1285051084, 978-1285963754, 128596375X, 978-1285051086
