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Round your answers to two digits after the decimal. A consumer with budget of $23 purchases general consumption goods r at price p = $7
Round your answers to two digits after the decimal.
A consumer with budget of $23 purchases general consumption goods r at price p = $7 and has the remainder of the budget as disposable income s (savings, future consumption, etc.) The consumer's happiness (utility) is described by U(r,s) = 70* In(r + 1) + 5s
P1r+p2.s = B
whats p1,p2,B
what is r and s
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