Question
For the next two questions, we know that Sansa collects Hummel figurines and Barbie dolls. Let H and B designate the number of pieces in
For the next two questions, we know that Sansa collects Hummel figurines and Barbie dolls. Let H and B designate the number of pieces in each collection, respectively. Sansa displays only thecollection for which she has a larger number of pieces. Thus, her utility functionis U(H, B) = max{3H, B}. ("max{x,y}" refers to "taking the maximal numberamongst the parameters." For example, max{6, 2} = 6.) Sansa has $1000 to spendon her collection. The Hummel figurines cost $50 each and Barbie dolls cost $20 each.
- In Sansa'soptimal bundle, the number of Hummel figurines is closest to:
Select one:
a. 0
b. 5
c. 10
d. 15
e. 20
f. 25
g. 30
h. 35
i. 40
j. 45
k. 50
2 . In Sansa'soptimal bundle, the number ofBarbie dolls is closest to:
Select one:
a. 0
b. 5
c. 10
d. 15
e. 20
f. 25
g. 30
h. 35
i. 40
j. 45
k. 50
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