Consider a representative consumer with CobbDouglas preferences
Intermediate Microeconomics Homework Set 6 (2015) Intermediate Microeconomics Homework Set 6 (2015) Question Intermediate Microeconomics Homework Set 6: Intertemporal Choice and Competitive Equilibrium (Due 11/06) Exercise 1 (20 pts) There are two goods in this economy, Cigarettes and “all other goods,” sold at a per unit price of pc and po = $1. Consider a representative […]


