Question: Suppose a consumer utility function is given by U(x,y) = MIN (2x,Y) the price of x is Px = 1, and the price of y
Suppose a consumer utility function is given by U(x,y) = MIN (2x,Y) the price of x is Px = 1, and the price of y is Py = 2. If the consumer has 49 to spend, what is the consumers optimal bundle
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