Given the Budget of $1000 P of X = 10 10 Q of X 0 10 TU of X (10s) 0 100 180 (Average) MU of X 0 10 MU/S of X 0 1 2000 20 8 0.8 30 20 7 27 40 50 60 70 80 90 100 310 365 415 6 5.5 100 460 502.5 542.5 581.5 5 4.5 4.25 4 3.9 0.7 0.6 0.55 0.5 0.45 0.425 0.4 0.39 P of Y = 500 500 Q of Y 0 1 2 3 4 5 TU of Y 0 510 870 1195 1485 1730 MU of Y 0 510 360 325 290 245 MU/S of Y 0 1.02 0.72 0.65 0.58 0.49 The optimal consumption bundle: of X; of Y
Given the Budget of $1000 P of X = 10 10 Q of X 0 10 TU of X (10s) 0 100 180 (Average) MU of X 0 10 MU/S of X 0 1 2000 20 8 0.8 30 20 7 27 40 50 60 70 80 90 100 310 365 415 6 5.5 100 460 502.5 542.5 581.5 5 4.5 4.25 4 3.9 0.7 0.6 0.55 0.5 0.45 0.425 0.4 0.39 P of Y = 500 500 Q of Y 0 1 2 3 4 5 TU of Y 0 510 870 1195 1485 1730 MU of Y 0 510 360 325 290 245 MU/S of Y 0 1.02 0.72 0.65 0.58 0.49 The optimal consumption bundle: of X; of Y
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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