Lisa can buy either whole chickens or chicken wings at her local supermarket. Her utility function over whole chickens and chicken wings is U(xc,Xw) = 2xc + Xw, where x, and xw are chickens and chicken wings, respectively. What is her demand function xc (pc, Pw, m) for chickens?

Lisa can buy either whole chickens or chicken wings at her local supermarket. Her utility function over whole chickens and chicken wings is U(xc,Xw) = 2xc + Xw, where x, and xw are chickens and chicken wings, respectively. What is her demand function xc (pc, Pw, m) for chickens?

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter3: Preferences And Utility

Section: Chapter Questions

Problem 3.3P

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Question

(2) Lisa can buy either whole chickens or chicken wings at her local supermarket. Her utility
function over whole chickens and chicken wings is U(xc,Xw) = 2xc + Xw, where x, and xw are
chickens and chicken wings, respectively. What is her demand function xc (pc, Pw, m) for
chickens?

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