Answer in Microeconomics for Rakesh Govindaram #112250
April 21st, 2023
utility functions are defined by ui = ci.M ,
i= A,B and D. Chocolates (c) cost Re.1 each
music (M) costs Rs.10 an hour.
The wealth (in Rs.) of agents A,B and D is Rs.30,Rs.50 and Rs.20 respectively.