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Pooh's preferences over goods 1 and 2 can be represented by the utility function u(x1,x2) = x1 + x2. and Pooh has an income of
Pooh's preferences over goods 1 and 2 can be represented by the utility function u(x1,x2) = x1 + x2. and Pooh has an income of $120 to spend each month. 1). Pooh originally faced prices p1 = 2 and p2 = 4. What was his optimal bundle, and what was his utility function from that bundle
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