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Katie consumes goods x and y. Her utility function is U(x, y) = xy^3. She is endowed with 10 units of x and 15 units
Katie consumes goods x and y. Her utility function is U(x, y) = xy^3. She is endowed with 10 units of x and 15 units of y. The price of x is 1$ and the price of y is 2$. Find her net demand for x
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E-Commerce 2013 Business Technology Society
Authors: Ken Laudon, Kenneth C Laudon
9th Edition
0132730359, 978-0132730358
