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If x and y are two goods and the consumer has a fixed income of 100, determine the optimal consumption bundle if p(x) = 5
If x and y are two goods and the consumer has a fixed income of 100, determine the optimal consumption bundle if p(x) = 5 and p(y) = 10. Derive a savings function as well. If remittances add an additional 50% to the income pool, how would the consumers consumpton bundle change
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