With an income of 800 per month how many units of goods x, Ask an Expert

Economics

A person has a utility function described by the equation U=2xv. the price of x is $32 per unit while the price of y is $20 per unit. With an income of $800 per month, how many units of goods x and y will the person consume in a month to maximize utility?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M951394

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