How many units to consume after the change in income, Microeconomics

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How many units to consume after the change in income

Katie Kwasi's utility function is U(x1, x2) = 2(ln x1) + x2. Given her current income and the current relative prices, she consumes 10 units of x1 and 15 units of x2. If her income doubles, while prices stay constant, how many units of x1 will she consume after the change in income?

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Microeconomics: How many units to consume after the change in income

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Microeconomics: How many units to consume after the change in income

Reference No:- TGS065968

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Amount of forco interest income

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: How many units to consume after the change in income

Reference No:- TGS065968

Recent Questions Asked Microeconomics

Q : Amount of forco interest income

Q : Describe the goals, materials, and teaching strategies

Q : Removal of the tax deduction on mortgage interest

Q : What is the eliza''s capital account balance at end of year

Q : How many units to consume after the change in income

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