What is the optimal consumption of apricots and bananas

Reference no: EM13243647

Jason's utility from consuming apricots and bananas is given byU(a,b)=2a+3b. Suppose Jason will spend $10 on fruit. If the pricesare pA=1 and pB=2, what is his optimal consumption of apricots andbananas?

Reference no: EM13243647

Questions Cloud

Determine effect of the daycare program on consumption : Suppose government were to provide free daycare for children and assume this has no effect on the real wage w, taxes T, and dividend income π. Determine effect of the daycare program on consumption

Describe the midpoints of the three ph jumps : The midpoints of the three pH jumps occurred at 15.35 mL, 19,77 mL, and 22.05 mL of added base. What was the concentration, in mol/L and mg/L, of Cu^2+ and Zn^2+ in the original solution

How many apricots and bananas would janet buy : Suppose Janet has $ 10 to spend on apricots and bananas. The pricesare pA=1 and pB=2. Her utility is given byU(a,b)=4a2+9b2+12ab, how many apricots and bananas would she buy?

Find the coefficient of staticfriction between track and car : A 720-kg race car can drive around an unbanked turn at a maximum speed of 43 m/s without slipping. The turn has a radius of 160 m, What is the coefficient of static friction between the track and the car's tires

What is the optimal consumption of apricots and bananas : Jason's utility from consuming apricots and bananas is given byU(a,b)=2a+3b. Suppose Jason will spend $10 on fruit. If the pricesare pA=1 and pB=2, what is his optimal consumption of apricots and bananas

Explain in detail what is the concentration of cu : A 1.00 L solution contains 4*10^-4 M Cu(NO3)2 and 1.6*10^-3 M ethylenediamine (en). the Kf for Cu(en)2^+2 is 1*10^20. What is the concentration of Cu^+2 (aq) in this solution

A service because the waitress carried it instead of making : If a country has __________ in the production of an item, it can produce __________ of the item (for a given quantity of resources) than can other nations

Explain sulfur forms a wide variety of compounds : Sulfur forms a wide variety of compounds in which it has +6, +4, +2, 0 and -2 oxidation states. Give examples of sulfur compounds having each of these oxidation states

What is the radius of a chamber : At an amusement park there is a ride in which cylindrically shaped chambers spin around a central axis, What is the radius of a chamber

User Account

All Pages