Question
Nadia likes spare ribs, R, and fried chicken, C. Her utility function is U(R, C)equals 30 Upper R squared C. Her weekly income is $
Nadia likes spare ribs, R, and fried chicken, C. Her utility function is
U(R, C)equals 30Upper R squaredC.
Her weekly income is
$360, which she spends on only ribs and chicken.Her marginal utilities are MU Subscript Upper R Baseline equals 60 RC and MU Subscript Upper C Baseline equals 30 Upper R squared and her budget constraint is 360 equals 40.00 Upper R plus 20.00 Upper C. If she spends $40.00
for a slab of ribs and $20.00 for a chicken, what is her optimal consumption bundle?
Nadia's optimal value of ribs is R equals nothing ----- units and her optimal value of chicken is C equals nothing -----units. (Enter your response as a whole number.)
0246810121416180123456789ChickenRibs
Upper I 2160
Upper I 1080Upper I 540Upper I 270
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