Question
Suppose a consumer's utility function is given by U(X,Y) = MIN(3X,Y).If PX= 1, PY= 1, and M = 54. What is the maximum amount of
Suppose a consumer's utility function is given by U(X,Y) = MIN(3X,Y).If PX= 1, PY= 1, and M = 54. What is the maximum amount of utility that this consumer could get?Round your answer to 2 decimal places if necessary.
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The Business of Tourism Management
Authors: John Beech, Simon Chadwick
1st edition
273688013, 273688014, 9781405871631 , 978-0273688013
