The consumer consumes of both goods if his consumptions of
A consumer's utility function is U(x; y) = (x + 2)(y + 1). The prices are px = $8; py = $2. The consumer consumes of both goods. If his consumptions of good x is 14 units, what is his consumption of good y? Why?
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a consumers utility function is ux y x 2y 1 the prices are px 8 py 2 the consumer consumes of both goods ifnbsphis
assignmentbefore starting on this assignment make sure to carefully review the background readings part a requires you
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