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Business, 21.12.2019 04:31 hiitslillyhere

Imagine that two goods are available to you: coffee (x) and oolong tea (y). assume that coffee has twice as much caffeine as oolong tea, and that caffeine is the only value that you derive from these goods. if your budget is $10, the price of a cup of coffee is $2.00 and the price of a cup of oolong tea is $1.00, what is your optimal bundle of coffee and oolong tea?

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Imagine that two goods are available to you: coffee (x) and oolong tea (y). assume that coffee has...
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