Question
Suppose that you have the following utility function U(X,Y)=(X^2)*(Y^2). Again lets assume you have $40 to spend, the prices are PX=2 and PY=. Find the
Suppose that you have the following utility function U(X,Y)=(X^2)*(Y^2). Again lets assume you have $40 to spend, the prices are PX=2 and PY=. Find the utility-maximizing consumption level of X and y?
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Econometric Analysis
Authors: William H. Greene
7th edition
131395386, 131395381, 978-0131395381
