Question
A consumer has utility function given by :
u{x1,x2} = min {2x1+x2, x1+2x2}. Given income m = 100, prices p1 = 20, p2 = 30, the amount of x1 in her utility maximizing bundle is:Solution
2x1+x2 = x1+2x2 S0, x1 = x2 Equate x1=x2 then put this in budget line. Solve for equilibrium bundle of x1 and x2. So, 20x1 + 30x2 = 100 50x1 = 100
X1 = 2 = x2
Statements:Â
Some Songs are not Lyrics.
All Lyrics are Singer.
Only a few Singer are Celebrations.
Conclusions:
I. S...
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Statements:
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All pencils are books.
All pencils are glasses.
No glass is a jug.
Conclusion...
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No apple is a grape.
Conclusions :
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II. All apples are oranges.
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Only a few Men is Women.
All Women is Wife.
Some Women is Husband.
Conclusion:
I. No Wife is Men
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II. Some mirrors are combs.
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