Priya has Cobb Douglas preferences for Juice (X1) and Soda (X2). Her MRS at his optimal consumption

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Priya has Cobb Douglas preferences for Juice (X1) and Soda (X2). Her MRS at his optimal consumption is 2. If the price of juice is p1= $6. What is the price of Soda, p2?

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Intermediate Microeconomics

ISBN: 978-0393123968

9th edition

Authors: Hal R. Varian

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Posted Date: Feb 13, 2024 04:30 AM

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Priya has Cobb Douglas preferences for Juice (X1) and Soda (X2). Her MRS at his optimal consumption

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Solution To find the price of soda p2 we can use the ... View the full answer

Intermediate Microeconomics

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