Mathematics, 25.02.2020 02:51, Margieeee
Juno has preferences that are represented by the utility function U(x, y)=x1/2y1/2 (this preference is smooth, which implies that maximizers are interior). If Juno has income W=$1000 and px=$50 and py=$25, what is Juno's consumption of good y (assuming Juno maximizes her utility given her budget constraint?)
Answers: 1
Mathematics, 21.06.2019 14:30, hxmiltrxshh
Sadie computes the perimeter of a rectangle by adding the length, l, and width, w, and doubling this sum. eric computes the perimeter of a rectangle by doubling the length, l, doubling the width, w, and adding the doubled amounts. write an equation for sadie’s way of calculating the
Answers: 3
Juno has preferences that are represented by the utility function U(x, y)=x1/2y1/2 (this preference...
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