Problem 2: A consumer has $8 to spend on good 1 and good 2. The prices of good 1 and good 2 are p1 =$2 and p2 =$2 respectively. The tastes of the consumer over good 1 and good 2 are described by the utility function

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10-06-2024
Business

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Problem 2: A consumer has $8 to spend on good 1 and good 2. The prices of good 1 and good 2 are p1 =$2 and p2 =$2 respectively. The tastes of the consumer over good 1 and good 2 are described by the utility function

Sagot :

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