Business, 14.10.2019 22:00 Totototono

Harmonâs utility function is u(x1, x2) = x1x2. his income is 100 dollars. the price of good 2 is p2 = 4. good 1 is priced as follows. the first 15 units cost 4 dollars per unit and any additional units cost 5 dollars per unit. what consumption bundle does alex choose?
a. (12.5, 12.5)
b. (25,12.5)
c. (12.5, 25)
d. (15, 10)
e. none of the above.

Answers: 1

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Harmonâs utility function is u(x1, x2) = x1x2. his income is 100 dollars. the price of good 2 is p2...

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