If latanya plans to use the phone for one hour to talk with, Ask an Expert

Economics

Q. Latanya likes to talk on the telephone. We can represent her preferences with the utility function U(B, J) 18B 20J, where B also J are minutes of conversation every month with Bill also Jackie, respectively. If Latanya plans to use the phone for one hour to talk with only one person, with whom would she rather speak? Why? Illustrate what is the formula for her indifference curves?

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Business Economics, Economics

Category:- Business Economics
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