Discussion forum
›
General
›
General Discussions
Login
Register
Search
everywhere
only in this topic
Advanced Search
If spomebody can answer this question for me.
Classic
List
Threaded
♦
♦
Locked
2 messages
Options
Loading...
Subscribe via email
Move topic
Pin topic
Unpin topic
Lock topic
Unlock topic
Delete this topic
Delete this topic
Change title and meta tags
Embed post
Permalink
rohitdubey52
Reply
|
Threaded
Open this post in threaded view
♦
♦
|
More
Loading...
Reply to author
Edit post
Move post
Delete this post
Delete this post and replies
Change post date
Print post
Permalink
Raw mail
May 20, 2016; 11:50am
If spomebody can answer this question for me.
3 posts
Suppose there are two goods x1 and x2 and the utility function of individual is U(x1, x2) = max{x1, x2}. The budget constraint of the individual is 3x1 + 4x2 = 12. What is the optimal bundle (x1, x2) chosen by the individual?
Eco16
Reply
|
Threaded
Open this post in threaded view
♦
♦
|
More
Loading...
Reply to author
Edit post
Move post
Delete this post
Delete this post and replies
Change post date
Print post
Permalink
Raw mail
May 20, 2016; 12:01pm
Re: If spomebody can answer this question for me.
144 posts
We buy all of x1 which is 4.
So (4,0) is the optimal bundle.
Free forum by Nabble
Edit this page