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Harry Mazzola has the utility function u(x1, x2) = min{x1 + 2x2, 2x1 + x2}, where x1 is his consumption of corn chips and x2 is his consumption of french fries.
(a) At the point where Harry is consuming 5 units of corn chips and 2 units of french fries, how many units of corn chips would he be willing to trade for one unit of french fries?
Harry Mazzola has the utility function u(x1, x2) = min{x1 + 2x2, 2x1 + x2}, where x1 is his consumption of corn chips and x2 is his consumption of french fries.
(a) At the point where Harry is consuming 5 units of corn chips and 2 units of french fries, how many units of corn chips would he be willing to trade for one unit of french fries?
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Chika IlonahLv10
29 Sep 2019