She consumes 10 units of x1 and 15 units of x2. if her, Ask an Expert

Economics

Katie Kwasi's utility function is U(x1, x2) = 2(ln x1) + x2. Given her current income and the current relative prices, she consumes 10 units of x1 and 15 units of x2. If her income doubles, while prices stay constant, how many units of x1 will she consume after the change in income?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M965968

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