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Question 1 (1 point) Rita has the following quasilinear utility function: U(q1,q2) = q1 0.3 + q2. Suppose that the price of good 1 is
Question 1 (1 point) Rita has the following quasilinear utility function: U(q1,q2) = q1 0.3 + q2. Suppose that the price of good 1 is 4 and that the price of good 2 is 46. If Rita's optimal bundle includes a positive amount of both goods, then her income has to be bigger than Your
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