Question
Suppose the utility function is u(x,y) = 2x^0.5y^0.5. At income I = 360, the equation for this consumer's demand curve for x is ?/Pxand the
Suppose the utility function is u(x,y) = 2x^0.5y^0.5. At income I = 360, the equation for this consumer's demand curve for x is ?/Pxand the equation for his demand curve for y is?/Py. At I=360and Px =$?, the consumer buys 45units of x.At I=360and Px =$?, the consumer buys 30units of x.
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American Political Economy In Global Perspective
Authors: Harold L Wilensky
1st Edition
1139227920, 9781139227926
