Question: =+B. Suppose, as you did in end-of-chapter exercise 6.3B, that your tastes in beer (x1 ) and pizza (x2 ) can be summarized by the
=+B. Suppose, as you did in end-of-chapter exercise 6.3B, that your tastes in beer (x1
) and pizza (x2
) can be summarized by the utility function u(x1
, x2
) 5 x1 2
x2
. If you have not already done so, calculate the optimal quantity of beer and pizza consumption as a function of p1
, p2
, and I.
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