A consumer has $600 to spend on good x and y. Her preferences can be represented by the utility function U(x.y)= y+100 In x If the price of one unit of good x is $10 and the price of one unit of good y is $5, what is the consumer optimal bundle?

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 25SQ
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A consumer has $600 to spend on good x and y. Her preferences can be represented by the
utility function U(x.y)= y+100 In x
If the price of one unit of good x is $10 and the price of one unit of good y is $5, what is the consumer optimal bundle?

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