Question
The 2022 Australia Federal election is just around the corner. The competition between the two candidates, Scoot Morris and Antone Alba, is fierce. As a
The 2022 Australia Federal election is just around the corner. The competition between the two candidates, Scoot Morris and Antone Alba, is fierce.
As a consumer (and Australian voter), you only care about public transportation and child care. Let public transportation be good X and child care be good Y. Each trip in the public transportation costs $10 and each day of child cars service costs $100. Your after-tax income is $500 per week. Assume that you always consume a positive amount of both X andY (also known as interior bundles). Your utility function is given by: U(x, y) = ax + 2y + 1,
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
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