Mathematics, 25.02.2020 02:51 Margieeee

Juno has preferences that are represented by the utility function U(x, y)=x1/2y1/2 (this preference is smooth, which implies that maximizers are interior). If Juno has income W=$1000 and px=$50 and py=$25, what is Juno's consumption of good y (assuming Juno maximizes her utility given her budget constraint?)

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Juno has preferences that are represented by the utility function U(x, y)=x1/2y1/2 (this preference...

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