A third consumer, Larry has preferences
U
C
(
X
1
,
X
2
)=
(
X
1
+2)
2
⋅(
X
2
+3)
and the same income as Jamal and Korra. Find his optimal consumption bundle.
1 answer
𝑋∗1=2𝑚+6𝑃2−2𝑃13𝑃1 , 𝑋∗2=𝑚+2𝑃1−6𝑃23𝑃2
U
C
(
X
1
,
X
2
)=
(
X
1
+2)
2
⋅(
X
2
+3)
and the same income as Jamal and Korra. Find his optimal consumption bundle.
1 answer
3 answers
1 answer
1 answer
1 answer