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Imagine that two goods are available to you: cars (X) and bikes (Y).You like cars 200 times more than bikes.If your transportation budget is $20,000
Imagine that two goods are available to you: cars (X) and bikes (Y).You like cars 200 times more than bikes.If your transportation budget is $20,000 per decade, the price of cars is $20,000 per unit per decade, and the price of bikes is $150 per unit per decade, what is your optimal consumption of cars?
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