Suppose a person has utility function, prices, and income: U(a,B) = 2 ln(A) + ln(B), Pb=1...

Suppose a person has utility function, prices, and income: U(a,B) = 2 ln(A) + ln(B), Pb=1 and m=12. Draw her price offer curve and explain. Hint: it may be useful to think about the number of B's she purchases as Pa changes.

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Rahul Sunny answered 1 year ago

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