Sharon is a utility maximizer who consumes only X and Y. Her income (I) stays the same

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Sharon is a utility maximizer who consumes only X and Y. Her income (I) stays the same over the months of September and October. You are given the following information about her choices:

	Px	PY	X	Y
Sep. 2016	20	10	10	30
Oct. 2016	10	10	?	?

Sharon’s preferences are Cobb-Douglas. How much Y does she consume in October?

Related Book For answer-question

Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Posted Date: Feb 20, 2024 04:38 AM

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Sharon is a utility maximizer who consumes only X and Y. Her income (I) stays the same

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Microeconomics

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