Utility curves with Perfect Substitutes, help!
I am unsure what I would the optimum consumption bundle would be in this case.
U(x,y)= x + y
P(x)=6
P(y)=6
6x+6y=300
Would there be 2 optimum consumption bundles of (50,0) and (0,50) or would every point on the line be optimum as the budget line is equal to the indifference curve?
U(x,y)= x + y
P(x)=6
P(y)=6
6x+6y=300
Would there be 2 optimum consumption bundles of (50,0) and (0,50) or would every point on the line be optimum as the budget line is equal to the indifference curve?
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