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Mathematics, 26.01.2022 02:00 corlissquillen13

1. Consider U=xy and the budget information is as follows: B= 100, px= 1, py= 1. Find out optimal consumption bundle. 2. Now suppose the price of x falls to 0.5 or 1/2. Find out new optimum consumption bundle.

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1. Consider U=xy and the budget information is as follows: B= 100, px= 1, py= 1. Find out optimal co...
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