Will the person consume in a month to maximize utility, Microeconomics

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Will the person consume in a month to maximize utility

A person has a utility function described by the equation U=2xv. the price of x is $32 per unit while the price of y is $20 per unit. With an income of $800 per month, how many units of goods x and y will the person consume in a month to maximize utility?

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Microeconomics: Will the person consume in a month to maximize utility

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Microeconomics: Will the person consume in a month to maximize utility

Reference No:- TGS051394

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Will the person consume in a month to maximize utility

Reference No:- TGS051394

Recent Questions Asked Microeconomics

Q : Earnings per share-price-earnings ratio-book value

Q : How much cash was paid for income taxes

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Q : Will the person consume in a month to maximize utility

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