Find how to rank the commodity bundles
My demand functions for goods 1 and 2 are x1(p1, p2, I) and x2(p1, p2, I).If x1(2,5,90) = 20 x2(2,5,90) = 10 and x1(4,10,170) = 15 x2(4,10,170) = 11 can you say anything about how to rank the commodity bundles (20, 10) and (15, 11)?
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x2(p1, p2, I).If x1(2,5,90) = 20 x2(2,5,90) = 10 and x1(4,10,170) = 15 x2(4,10,170) = 11 can you say anything about how to rank the commodity bundles (20, 10) and (15, 11)?
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