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quasilinear utility function . quasi linear utility preferences #iitJamEconomics
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The utility function of a consumer from consumption of x₁and x₂is given by
U( x₁,x₂)= x₁ + 2√x₂
At the current prices and income, the consumer's optimal consumption bundle is given by (x₁=10,x₂= 10). The consumer's optimal choice of x₂, If his Income increases by 50% but prices remain unchanged. Is ____________( in integer)
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U( x₁,x₂)= x₁ + 2√x₂
At the current prices and income, the consumer's optimal consumption bundle is given by (x₁=10,x₂= 10). The consumer's optimal choice of x₂, If his Income increases by 50% but prices remain unchanged. Is ____________( in integer)
UGC NTA NET ECONOMICS, GATE ECONOMICS, UPSC , Delhi School of Economics, MA ENTRANCE ECONOMICS
JAM ECONOMICS
Check our playlist
Algebra in Economics
GATE ECONOMICS
Mathematical Economics
Integration in ECONOMICS
Matrix Algebra in Economics
GRAPHING IN ECONOMICS
Microeconomics
Comparative Statics in Economics
INPUT OUTPUT MODEL
IS-LM MODEL
You can Join
On Facebook
Facebook page
On Telegram
#utilityfunction
#quasilinearprefrences
#quasilinearutilityfunction
#MathematicalEconomics
#JAMECONOMICS
#ImportantQuestionsInEconomics
#MAEntranceEconomics
#GateEconomics
#QuantitativeEconomics
#EconMath
#GATEEconomics
#NETEconomics
#DSU
#KU
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