Expenditure minimization problem

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1Midterm Exam, Econ 210, Fall 2009 Answer Question 1 and any 3 of the other questions. Question 1. Mary Granola consumes only two goods and her utility function is 2 U (x1 , x2 ) = (min{2x1 + x2 , x1 + 2x2 }) .

Midterm Exam, Econ 210, Fall 2009 Answer Question 1 and any 3 of the other questions. Question 1. Mary Granola consumes only two goods and her utility function is 2 U (x1 , x2 ) = (min{2x1 + x2 , x1 + 2x2 }) .

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Source URL: www.econ.ucsb.edu

Language: English - Date: 2010-09-25 19:53:22