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Problem: Constraint optimization - math
Suppose that there are two goods ( and ). The price of is $2 per unit, and the price of is $1 per unit. There are two consumers (A and B). The utility functions for the consumers are
UA(x,y)=(x^0,5)*(y^0,5)
UB(x,y)=(x^0,8)*(y^0,2)
Consumer A has an income of $100, and Consumer B has an income of $300.
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