Question
Hello, could I please get a calculation path for this exercise? Thank you so much. Mirela consumes muffins and coffee. She loves the muffins from
Hello, could I please get a calculation path for this exercise? Thank you so much.
Mirela consumes muffins and coffee. She loves the muffins from DreamYourMuffin
Company, the only muffin producer in the region. Mirela's income is 200 Swiss Francs. The price per cup
of coffee is 8 Swiss Francs and constant. Since DreamYourMuffin Company is the only producer, prices
for muffins vary. The cost of muffins increases as more muffins are bought. This means that the total cost
of muffins is 2. Mirela's utility function corresponds to (,)=4+, where denotes her muffin
consumption andthe consumption of cups of coffee. How many muffins and how many cups of coffee will Mirela consume?
a. Mirela consumes 16 muffins and 4 cups of coffee.
- Mirela consumes 16 muffins and 9 cups of coffee.
- Mirela consumes 8 muffins and 9 cups of coffee.
- Mirela consumes 8 muffins and 4 cups of coffee.
- None of the answers above.
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