How many fudge bars will you purchase in a week

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Reference no: EM13210285

n a given day, once you subtract 8 hours for sleep, you effectively have 16 hours from which you can choose to work or enjoy leisure (that is to say, sleep doesn't count as leisure). You have a job that pays $20/hour and that is your only source of money. Assume you live in a world where the only good available for purchase is fudge bars, and they cost $2 each. Your utility function in fudge bars and leisure is given by U(F,R)=(F^.5)*(R^.5). If you are behaving optimally, how many fudge bars will you purchase in a week?

Reference no: EM13210285

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