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Suppose that consumer has the following utility function: U(X, Y) - X1/BY. Suppose also that Px = 2, Py = 3 and I = 120.
Suppose that consumer has the following utility function: U(X, Y) - X1/BY. Suppose also that Px = 2, Py = 3 and I = 120. What would be the optimal consumption of X and Y at the equilibrium. respectively? 30, 15 15, 30 45, 10 O 30, 20
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Managing in a Global Economy Demystifying International Macroeconomics
Authors: John E. Marthinsen
2nd edition
128505542X, 978-1305176157, 1305176154, 978-1285055428
