Suppose that you have highly nonconvex preferences for ice cream and olives, like those given in the text, and that you face prices p1, p2 and have m dollars to spend. List the choices for the optimal consumption bundles.
Suppose that you have highly nonconvex preferences for ice cream and olives, like those given in the text, and that you face prices p1, p2 and have m dollars to spend. List the choices for the optimal consumption bundles.
Chapter10: Consumer Choice Theory
Section: Chapter Questions
Problem 6P
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Suppose that you have highly nonconvex preferences for ice cream and
olives, like those given in the text, and that you face prices p1, p2 and have
m dollars to spend. List the choices for the optimal consumption bundles.
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