Question: Suppose a consumer's utility function is given by: U(x1, x2 ) = min{3x1, 2x2} The consumer earns $400 and the price of x1 is $2

Suppose a consumer's utility function is given by: U(x1, x2 ) = min{3x1, 2x2}

The consumer earns $400 and the price of x1 is $2 and the price of x2 is $4. a) What is the optimal consumption bundle for the consumer?

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