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    Two Good Utility Maximization

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    Two goods are consumed with respective price p_x and p_y. The utility function is given by u(x,y) = Min {2x + y, 2y} Income is 84

    Suppose p_x = 3 and p_y = 2

    How do I derive the optimal bundle/utility maximizing problem?

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    Solution Summary

    The expert examines two good utility maximization.