Got Homework?
Connect with other students for help. It's a free community.
Here's the question you clicked on:
← 55 members online
 0 viewing
mattygb2128
Group Title
commodities x and y are perfect complements and the utility function is given by u =min(x,3y) price of x is 2 price of y is 1 income =140 find equilibrium level of consumption
 one year ago
 one year ago
mattygb2128 Group Title
commodities x and y are perfect complements and the utility function is given by u =min(x,3y) price of x is 2 price of y is 1 income =140 find equilibrium level of consumption
 one year ago
 one year ago

This Question is Closed

ANGELNAV Group TitleBest ResponseYou've already chosen the best response.1
x=3y and 2x+y=140 solving the 2, v get 7y=140 y=20 & x=60
 one year ago
See more questions >>>
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.