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12th Assignment Use the utility table from class. Find the optimal bundle when the price of a Burger is $10, the price of MoVie is
12th Assignment Use the utility table from class. Find the optimal bundle when the price of a Burger is $10, the price of MoVie is $6, and there is $34 to allocate. Find the optimal bundle when the price of Burgers changes to S8. Sketch the optimal bundles on a consumption dia ram and graphically derive, and find the equation for, t e demand curve. Find the optimal bundle when the income increases to $60. [Notez PB =8 and PV=6.] Find the Cross-Price Elasticity and the Income Elasticity of Movies
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