Question
Joseph has perfect complements preferences for goods x1 and x2, and his utility function is (1, 2) = min(1, 22). What is the optimal consumption
Joseph has perfect complements preferences for goods x1 and x2, and his utility function is (1, 2) = min(1, 22). What is the optimal consumption bundle for Joseph if p1 = $5, p2 = $15, and m = $200?
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Price Theory and Applications
Authors: Steven Landsburg
9th edition
1285423526, 978-1285947877, 1285947878, 978-1285423524
