The price of good 1 is 4 each and the price of good 2 is 12


Maureen has preferences for two goods to be consistent with the utility function. The price of good 1 is $4 each, and the price of good 2 is $12 each. For what incomes will good 1 be normal?

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Business Economics: The price of good 1 is 4 each and the price of good 2 is 12
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