Question
Jon`s utility function is U(x1,x2)=48x1^0,5+ x2 His income is $194. If the price of x1is $4 and the price of x2 is $1 how many
Jon`s utility function is U(x1,x2)=48x1^0,5+ x2
His income is $194.
If the price of x1is $4 and the price of x2
is $1 how many units of good x1
will Jon
demand?
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The Economics of Public Issues
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
19th edition
134018974, 134018973, 9780134020532 , 978-0134018973
