Question: Consider a consumer who faces a budget constraint described by the equation x1 + x2= 100. Suppose that this person's happiness is determined by the
Consider a consumer who faces a budget constraint described by the equation x1 + x2= 100. Suppose that this person's happiness is determined by the utility function n u (x1,x2) = x1 ^0.5 x2^0.5. Find the optimal consumption bundle and locate it in a diagram.
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