Is bridget making the utility-maximization choice

Reference no: EM13208552

Bridget has a limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle, and the price of cheese is $4 per pound. The last bottle of wine added 50 units to Bridget's utility; while the last pound of cheese added 40 units.

a. Is Bridget making the utility-maximization choice? Why or Why not?

b. If not, what should she do instead?

Reference no: EM13208552

Questions Cloud

Is the robotic surgery investment financially acceptable : Is the robotic surgery investment financially acceptable if the equipment is purchased and is the investment financially acceptable if the equipment is leased at the stated lease price?

Find out the brominated product : determine if the brominated product (2,3-dibromo-3-phenylpropanoic acid) is contaminated with some unreacted starting material (during the bromination of trans-cinnamic acid)?

Ompare the given letters with acceptable words : compare the given letters with acceptable words, where each word in the txt file is separated by a space. Please use list comprehensions and arrays when possible (split function?)

Develop a web-based application to improve development : Develop a Web-based application to improve development and delivery of products and services. There are currently several incompatible systems related to the development and delivery of products and services to customers.

Is bridget making the utility-maximization choice : Bridget has a limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle, and the price of cheese is $4 per pound.

Compute the freezing point of calcium chloride : Calculate the freezing point of 0.15 m calcium chloride aqueous solution. Assume that the molal freezing point depression constant of water

Why has the price of sushi remained constant : Scorching heat and the worst drought in nearly a half-century are threatening to send food prices up, spooking consumers and leading to worries about global food costs. On Wednesday, the government said it expected the record-breaking.

What is the total value of fnc today : What is the total pv of the four yearly dividends, what is the pv of the forecasted share price and what is the total value of FNC today?

Simplify the following boolean expressions : Simplify the following Boolean expressions. a) xy + (x + y)z + y, b) x + y + (x + y + z), c) yz + wx + z + [wz(xy + wz)]

User Account

All Pages