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![Consumer Theory[1] Intro of Utility Maximization, Preference, Marshallian Demand | Eric Zhi's Blog-Economistime](https://ericzhi.files.wordpress.com/2010/11/untitled1.jpg "Consumer Theory[1] Intro of Utility Maximization, Preference, Marshallian Demand | Eric Zhi's Blog-Economistime")
Consumer Theory[1] Intro of Utility Maximization, Preference, Marshallian Demand | Eric Zhi's Blog-Economistime
Consider the utility function u(x, y) = 2 ln x + ln y. Initially, the prices are px = $2/unit and py = $1/unit. The consumer has an income of $18. Calculate
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SOLVED: Let the preference of an individual be the following utility function: U(I, T) = log I + T + 24 His budget constraint is: P1I + P2T = v Calculate his
microeconomics - Utility maximization question setting up. - Economics Stack Exchange
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