Question
Q;mariyam utility function is U(x,y)=x^0.80y^0.20.suppose that the price of x is 5,the price of y is 10 and her income is 100. on the graph
Q;mariyam utility function is U(x,y)=x^0.80y^0.20.suppose that the price of x is 5,the price of y is 10 and her income is 100.
on the graph draw her budget line
use laGrange method to choose the optimal bundle for mariyam
also show optimal bundle graphicaly
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Essays In Our Changing Order
Authors: Thorstein Veblen
1st Edition
1351311425, 9781351311427
