Order the answer to: Analyze the problem in Exercise 5.1 making use of Equation

Academic Help business-economics Order the answer to: Analyze the problem in Exercise 5.1 making use of Equation

business-economics

Order the answer to: Analyze the problem in Exercise 5.1 making use of Equation

Question Analyze the problem in Exercise 5.1 making use of Equation 4.16.
Refer to Exercise 5.1,
Remy spends her weekly income of $30 on chocolate, q1, and shampoo, q2. Initially, when the prices are p1 = $2 = p2, she buys q1 = 10 and q2 = 5. After the prices change to p1 = $1 and p2 = $3, she purchases q1 = 6 and q2 = 8. Draw her budget lines and choices in a diagram. Use a revealed preference argument to discuss whether or not she is maximizing her utility before and after the price changes?
Equation 4.16,
(paM – pbM) (Ma – Mb) ( 0.
Subject business-economics
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