Question
Suppose that a consumer's utility function is U=x^4*y^2*z^3 , where x is the consumption of french fries, y is the consumption of milk and z
Suppose that a consumer's utility function is U=x^4*y^2*z^3 , where x is the consumption of french fries, y is the consumption of milk and z is the consumption of steak. The consumer has 1600 Euros while the price of french fries is 30, the price of milk is 45 and the price of steak is 20 Euros. How much/many steak does the consumer buy?
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Managerial Economics
Authors: Mark Hirschey
14th edition
9781473709263, 1473709261, 1473717343, 1473717345, 978-1305506381
