Mathematics, 03.08.2019 06:10, Ayomide19
Hans has $27 which he decides to spend on x and y. commodity x costs $16 per unit and commodity y costs $10 per unit. he has the utility function u(x, y) = 2x^2 + 2y^2 and he can purchase fractional units of x and y. hans will choose
(a) only x item.
(b) only y item.
(c) both x and y.
Answers: 1
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Hans has $27 which he decides to spend on x and y. commodity x costs $16 per unit and commodity y co...
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