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Author Question: An individual derives utility from games, g (y-axis), and toy airplanes, a (x-axis), described by ... (Read 49 times)

captainjonesify

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on: Jun 18, 2019
An individual derives utility from games, g (y-axis), and toy airplanes, a (x-axis), described by the utility function U(g,a) = g0.6a0.4. The price per game is $20 and the price of toy airplanes is $10. Using the slope of the income consumption curve (ICC), determine whether games and toy airplanes are normal or inferior goods when income increases from $100 to $200.
◦ Both goods are normal goods with an ICC slope of .
◦ Both goods are inferior goods with an ICC slope of - .
◦ Both goods are normal goods with an ICC slope of .
◦ Both goods are inferior goods with an ICC slope of - .
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Marked as best answer by captainjonesify on Jun 18, 2019

EAN94

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Reply #1 on: Jun 18, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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captainjonesify

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Reply #2 on: Jun 18, 2019
TY


EAN94

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Reply #3 on: Jun 18, 2019
You're welcome


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