Question
In a utility maximization problem, Max x,y U( x, y) = 4xy, the consumer needs to spend all of her budget and the budget constraint
In a utility maximization problem, Maxx,y U( x, y) = 4xy, the consumer needs to spend all of her budget and the budget constraint is 2x + 4y = I.
Would the laranger multiplier of this problem always be positive or
it can equal to zero?
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Power And Plenty Trade, War, And The World Economy In The Second Millennium
Authors: R Findlay, Ronald Findlay
1st Edition
0691143277, 9780691143279
