Suppose there are two commodities that Bec can consume and her utility function is U(x; y)...
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Suppose there are two commodities that Bec can consume and her utility function is U(x; y) = min{2x; 3y}. Consider the following bundles: A = (2; 4), B = (6; 5); C = (3; 5); and D = (6; 2). The utility level of bundle A is equal to U(B)= U(C)= U(D)= Suppose there are two commodities that Bec can consume and her utility function is U(x: y) = min{2x; 3y): Consider the following bundles: A- (2: 4), B = (6; 5); C = (3: 5); and D= (6; 2). A possible equation of the line that passes through the kinks of Bec's indifference curves is ax=by where a-6 and b= Consider the indifference curve that has a utility level of 6. The kink of this indifference curve has coordinates x- and y= Let px - $2 be the price of commodity x and py = $4 be the price of commodity y. With her income, Bec can afford bundle B- (4; 5) exactly, hence she would spend all her income if she buys bundle B. Bec's income is me Given these prices and her income, Bec's optimal bundle's coordinates are x- and Suppose there are two commodities that Bec can consume and her utility function is U(x; y) = min{2x; 3y}. Consider the following bundles: A = (2; 4), B = (6; 5); C = (3; 5); and D = (6; 2). The utility level of bundle A is equal to U(B)= U(C)= U(D)= Suppose there are two commodities that Bec can consume and her utility function is U(x: y) = min{2x; 3y): Consider the following bundles: A- (2: 4), B = (6; 5); C = (3: 5); and D= (6; 2). A possible equation of the line that passes through the kinks of Bec's indifference curves is ax=by where a-6 and b= Consider the indifference curve that has a utility level of 6. The kink of this indifference curve has coordinates x- and y= Let px - $2 be the price of commodity x and py = $4 be the price of commodity y. With her income, Bec can afford bundle B- (4; 5) exactly, hence she would spend all her income if she buys bundle B. Bec's income is me Given these prices and her income, Bec's optimal bundle's coordinates are x- and
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