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Suppose a consumer's utility function is given by U(X,Y) = X^(1/3) * Y^(2/3).If the consumer maximizes her utility, what proportion of her income will she
Suppose a consumer's utility function is given by U(X,Y) = X^(1/3) * Y^(2/3).If the consumer maximizes her utility, what proportion of her income will she spend on Good Y?Round answer to 2 decimal places.
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International Marketing
Authors: Philip R Cateora
13th Edition
0073080063, 9780073080062
