Determine the numbers of apples does ted demand
Ted's utility function characterizing the preferences over bananas and apples is U a,b= 4a + 6b^2. Determine the numbers of apples does Ted demand if Pa= .5 and Pb=1 , and he has $10 to spend?
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Assume that Joe's twin brother Moe moves in, and his preferences are identical to Joe. There are now four people in the problem.
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