Jimmy consumes only apples and bananas. Fortunately, he likes both goods. Let's write the consumption bundle where Jimmy consumes x apples and x bananas as ). His preferences are such that Jimmy is indifferent between consumption bundle (20,5) and all consumption bundles where x=100x

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13-06-2024
Business

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Jimmy consumes only apples and bananas. Fortunately, he likes both goods. Let's write the consumption bundle where Jimmy consumes x apples and x bananas as ). His preferences are such that Jimmy is indifferent between consumption bundle (20,5) and all consumption bundles where x=100x

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