Miss Muffet always likes to have things just so. In fact the only way she will consume
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Miss Muffet always likes to have things “just so.” In fact the only way she will consume her curds and whey is in the ratio of 2 units of whey per unit of curds. She has an income of $20. Whey costs $.75 per unit. Curds cost $1 per unit.
a. How many units of curds will Miss Muffet demand in this situation? How many units of whey?
b. Write down Miss Muffet’s demand function for whey as a function of the prices of curds and whey and of her income, where pc is the price of curds, pw is the price of whey, and m is her income.
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