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Mathematics, 27.09.2019 03:00 brittanysanders

Juno has preferences that are represented by the utility function u(x, y)=x1/2y1/2 (this preference is smooth, which implies that maximizers are interior). if juno has income w=$1000 and px=$50 and py=$25, what is juno's consumption of good x (assuming juno maximizes her utility given her budget constraint? )

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Juno has preferences that are represented by the utility function u(x, y)=x1/2y1/2 (this preference...
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