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Suppose consumer has the following utility function U (X,Y) =In(2X+Y). Suppose also that Px=1 Py=12 and I=120. What would be the optimal consumption of X
Suppose consumer has the following utility function U (X,Y) =In(2X+Y). Suppose also that Px=1 Py=12 and I=120. What would be the optimal consumption of X and Y at the equlibrium respectively? A 72,4 B 48,6 C 12,9 D 24,8
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