Question

A consumer consumes only two goods x and y whose prices are 5 and 4 per unit if muy= 16 at point pf equilibrium calculate mux

Answer 1

Answer:20

Explanation:

given,

px=5,

py=4,

muy=16,

at equllibrium  muy/py=mux/muy

Therefore,

mux/5=16/4

mux=20

Answer 2

Explanation:

20_________________

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