Ambrose consumes nuts and berries fortunately he likes both goods
Ambrose consumes x1unit of nuts per week and x2unit of berries per
week and is written as (x1,x2)the set of consumption bundles(x1,x2)
Such that Ambrose is in different between(x1,x2) and (1,16) is the set of
bundles such that x1≥0 and x2≥0, and x2=20-4√x1 the set of bundle
(x1,x2)~(36,0) do the same both in difference curves passing through
the same point.
What is this slope of Ambrose in difference curve at point
(9,8),(9,12),(4,60). Do the in difference curve exhibit diminishing
marginal curve.
In fact is preferences of utility function U(x1,x2)=4√x1+x2
Ambrose originally consume 9units of nuts and 10units of berries his
consumption of nuts is reduced to 4unit but he is given enough barrier’s
so that he is just as well of as he was before after the change how many
units of berries does Ambrose consumes?
Ambrose is in different between the bundle (9,10),(25,2)why Ambrose
is indifference between the above discuss two bundles if you double the
amount of each good of above discussed bundle (18,20),(50,4) still
Ambrose is in different between the two bundles. find the Mrs of
Ambrose IC curve when he is consuming bundle(9,10). the function has
a special property that he is Mrs does not change when variable
change.