Question
After lifting weights, Juan likes to replenish his energy. His choices are power bars or protein shakes. Juan gets the same amount of happiness from
After lifting weights, Juan likes to replenish his energy. His choices are power bars or protein shakes. Juan gets the same amount of happiness from eating 2 power bars as he does from drinking 1 protein shake, regardless of how many power bars or protein shakes he has already eaten that month. a. If Juan has $120 to spend a month on his post-workout consumption, and a protein bar costs $3 and a protein shake costs $5, what is his utility maximizing quantity of power bars and protein shakes? b. Draw a graph explaining this decision and label it completely.
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