Question
N1 A consumer has a perfect complements utility function, where she prefers to have one unit of H with each unit of G. Also, she
N1
A consumer has a perfect complements utility function, where she prefers to have one unit of H with each unit of G. Also, she has an income of $351. Assume that the price of H is $16 and the price of G is $11. What is the consumer's optimal choice for good H*?
13
16
18.5
20.5
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Crafting and Executing Strategy The Quest for Competitive Advantage
Authors: Arthur Thompson, Margaret Peteraf, John Gamble, A. J. Strickland III
19th edition
78029503, 978-0078029509
