This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: 3) Income = $240.00 Price of X = $2.00 Price of Y = $2.00 Say Jane's income increases to $240.00, what is the utility maximizing combination of X and Y 4) When the price of both goods is equal would Jane purchase more of one good over the oth information in the table to justify your answer. MU/P Y? Y? her? Use the...
View Full Document
This note was uploaded on 03/29/2011 for the course ECON 1102 taught by Professor Tomczyk during the Spring '09 term at Temple.
- Spring '09