Question
The consumers utility function is given by U(X,Y) = 3X+2Y and the given bundle is X = 6 and Y = 6. The indifference
The consumers utility function is given by U(X,Y) = 3X+2Y and the given bundle is X = 6 and Y = 6. The indifference curve is a straight line with Y-intercept = 15 and X-intercept = 10. Any bundle where 3x+2y=30 is on the indifference curve.
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
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