Question
Sharon is a utility maximizer who consumes only X and Y. Her income (I) stays the same over the months of September and October. You
Sharon is a utility maximizer who consumes only X and Y. Her income (I) stays the same over the months of September and October. You are given the following information about her choices:
| Px | PY | X | Y | |
| Sep. 2016 | 20 | 10 | 10 | 30 |
| Oct. 2016 | 10 | 10 | ? | ? |
Sharon’s preferences are Cobb-Douglas. How much Y does she consume in October?
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
