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John's Avocado and Blueberries Scenario: Please use this scenario for this and next 2 questions. Question 1: Avocado and Blueberries John has a weekly income
John's Avocado and Blueberries Scenario: Please use this scenario for this and next 2 questions. Question 1: Avocado and Blueberries John has a weekly income of $200 that he receives for raking leaves in the neighborhood. He spends his income only on two goods, Avocados and Blueberries. John does his shopping at Trader Joe's where the Avocados cost $4 per pound and Blueberries cost $2 per pound. Which one of the following is John's weekly budget constraint for these two goods given his income? Assume that A is for Avocados and B is for Blueberries. Answer: The weekly budget constraint is [Select ] Question 24 3 pts Question 2a: Avocado and Blueberries Assume that John's preferences for Avocados and Blueberries can be written by the following equation: Satisfaction(A.B) - 4A + B (hint: this can be used to obtain John's indifference curves), where Satisfaction(A,B) is the numerical level of satisfaction that John's receives from consuming Avocados and Blueberries. What is the optimum number of Avocados that John will purchase that will maximize his satisfaction given his preferences and his budget constraint in Question 1: Avocado and Blueberries? Answer: please enter the optimum number of Avocados Question 25 3 pts Question 2b: Avocado and Blueberries What is the optimum number of Blueberries that John will purchase that will maximize his satisfaction given his preferences in Question 2a: Avocado and Blueberries and his budget constraint in Question 1: Avocado and Blueberries? Answer: please enter the optimum number of Blueberries
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