Question
x and y are perfect complements for Mary and her utility function is given by u = min{ x, 2y}. Price of x is $1
x and y are perfect complements for Mary and her utility function is given by u = min{ x, 2y}. Price of x is $1 and price of y is $2. Her income is $30. How many y will Mary buy?
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
