Vascos utility function is U = 10X 2 Z. The price of X is p X =

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Vasco’s utility function is U = 10X²Z. The price of X is p_X = $10, the price of Z is p_z = $5, and his income is Y = $150. What is his optimal consumption bundle?

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Microeconomics

ISBN: 978-0134519531

8th edition

Authors: Jeffrey M. Perloff

Question Posted: Nov 12, 2018 07:00 AM

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Vascos utility function is U = 10X 2 Z. The price of X is p X =

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Microeconomics

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