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What bundle of raspberries and apples would he buy

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Reference no: EM132407288

Assume that there are two goods in the world: apples and raspberries. Say that Georey has a utility function U(r; a) = r1=3a2=3 for these goods, where r denotes the quantity of raspberries and a the quantity of apples. If the price of raspberries is $1 per unit and the price of apples is $1 per unit and Georey has $100 to spend, what bundle of raspberries and apples would he buy?

Reference no: EM132407288

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