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Business, 13.07.2019 00:30 michelleperezmp58

Suppose a consumer had a utility function given by: u= x + 4y. if the price of good x (px) is $1 and the price of good y is $8 then what is the utility maximizing quantity of good x the consumer will purchase with a budget of $4?

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Suppose a consumer had a utility function given by: u= x + 4y. if the price of good x (px) is $1 an...

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