Doreen has a utility function U(x, y) = 10x + 5y. The price of good x...

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Doreen has a utility function U(x, y) = 10x + 5y. The price of good x is $1, and the price of good y is $2. If Doreens incom

Answer 1

Answer #1

U14,4)= 10xtsy Ly this Utinity function have construt MRS - through out so , the condition in Case I if MR$ > P then Good Y i

Answer 2

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