Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter20: Consumer Choice: Maximizing Utility And Behavioral Economics
Section: Chapter Questions
Problem 1WNG
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Transcribed Image Text:Consider utility function U(x, y) = √xy, income M, price px = py = 1. State your
understanding of duality of consumer choice. (3pts)
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