What is the utility of the consumer
Problem: Consider the following utility function: U: min{4x1, 3x2} The following bundles: A = (5,7) B=(7,5) C= (6,6) D=(9,2)
What is the utility that the consumer gets from bundle D?
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Consider the following utility function: U: min{4x1, 3x2} The following bundles: A = (5,7) B=(7,5) C= (6,6) D=(9,2). What is the utility that the consumer?
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