Assume joseph spends his entire income on x and y, and his indifference curves have the usual convex shape. if joseph maximizes his utility, then :_________

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06-09-2022
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Assume joseph spends his entire income on x and y, and his indifference curves have the usual convex shape. if joseph maximizes his utility, then :_________

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Tutorconsortium344idn Tutorconsortium344idn · Answer 1 · 2022-09-08T10:30:09-04:00

Joseph's indifference curves are assumed to be the typical convex shape and he spends all of his money on x and y. If Joseph optimizes his utility, he will use up all of his available funds.

What is the short definition of money?

A fund is a collection of funds set aside with a specific goal in mind. In order to provide returns for its clients, funds frequently invest and properly manage their money. Foundations, endowments, insurance funds, and pension funds are a few examples of common forms of funds.

Where do the monies come from?

relates to the source of the specific cash or any other monetary instrument that is the object of the transaction between a financial institution and the consumer. The source and mode of money transfers that are approved for the account are an alternative definition of SOF.

To know more about funds

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