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Answer to Question #169686 in Microeconomics for Microeconomics

Question #169686

Assume that the price of good a is $18 and the price of a good B is $6 and the price of the sea is $4 and the price of day is $24 Ricardo’s income is 106 dollars how many dollars will Ricardo choose to save


1
Expert's answer
2021-03-09T07:35:53-0500

Ricardo will purchase 4 units of A; 3 units of B; 3 units of C and 0 units of D in maximizing his utility.


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