Question
U(X,Y)=2X+Y. If you know that the optimal bundle of consumption has Y*= 0 and you also know that Px=4 which statement is true? a) P
U(X,Y)=2X+Y. If you know that the optimal bundle of consumption has Y*= 0 and you also know that Px=4 which statement is true?
a) P of Y>2
b) P of Y=2
c) P pf Y<2
(PS: P for Price)
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Economics Principles and Policy
Authors: William Baumol, Alan Blinder
13th edition
1305280595, 1305280598, 9781305465626 , 978-1305280595
