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Utility function is U= 6x + 2y. Price of x is $2 and price of y is $1. $12 to spend on both goods. To
Utility function is U= 6x + 2y. Price of x is $2 and price of y is $1. $12 to spend on both goods. To maximize utility of x and y, given a budget of $12. Which combination should be chosen. X=6, Y=0 or X=3, Y=3, or X=0, Y=12 or X=6, Y=2
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Macroeconomics Principles and Applications
Authors: Robert E. Hall, Marc Lieberman
6th edition
1111822352, 1111822354, 9781133708742 , 978-1111822354
