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if m=p1x1+p2x2, then x1= (m-p2x2)/p1 ?. If we want to solve for optimal consumption bundle, then we replace x1 in the utility function?
if m=p1x1+p2x2, then x1= (m-p2x2)/p1 ?. If we want to solve for optimal consumption bundle, then we replace x1 in the utility function?
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The Lever Of Riches Technological Creativity And Economic Progress
Authors: Joel Mokyr
1st Edition
0195074777, 9780195074772
