Question
Maria has a quasilinear utility function u(x, y) = 2x + y, and an income of 10. If the price of good x is px
Maria has a quasilinear utility function u(x, y) = 2x + y, and an income of 10. If the price of good x is px =1 and the price of good y is py =2, how many units of good x will she consume?
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Price Theory and Applications
Authors: Steven Landsburg
9th edition
1285423526, 978-1285947877, 1285947878, 978-1285423524
