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Ali spends his income of $64 on kerosene (11:) and food (y) each week. The price of food is $8 per unit. The price of
Ali spends his income of $64 on kerosene (11:) and food (y) each week. The price of food is $8 per unit. The price of kerosene is $4 litre at a governmentrun store and he can purchase up to 8 litres there. On the market, kerosene costs $8 litre. His utility function is CobbDouglas: 113(53, y) = 33313. How much kerosene and food does he buy given his budget constraint
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