Tedrsquos utility function characterizing preferences over
Ted’s utility function characterizing preferences over apples and bananas is U a,b= 4a + 6b^2. . How many apples does Ted demand if Pa= .5 and Pb=1 , and he has $10 to spend?
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1 subsidies to domestic firms may lead toa an increase in pricesb higher volume of exportsc higher volume of importsd
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tedrsquos utility function characterizing preferences over apples and bananas is u ab 4a 6b2 how many apples does ted
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