GOLDEN_BOY_21
New member
Phil enjoys eating gum (G) and Tick-tacks (T). Originally the price of Tick-tacks is $4, Income = $132.
Phil faced the utility curve: U = G^2 + 2T^2
(MU of Gum = 2G, MU of Tick-tacks = 4T)
a) Derive the demand curve for Gum.
Phil faced the utility curve: U = G^2 + 2T^2
(MU of Gum = 2G, MU of Tick-tacks = 4T)
a) Derive the demand curve for Gum.