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Question 11 3 pts The Anteater Family can spend its money on education (e) or other goods (g). The family's utility over e and g
Question 11 3 pts The Anteater Family can spend its money on education (e) or other goods (g). The family's utility over e and g is given by U (e, g) = 2e0.5 + 290.5 The Anteaters have income of $60,000 to spend on e and g each year. Assume there is no public education system; the only option is to send their children to private school. Assume the price per unit (e.g., per hour) of private education is $50, and the price per unit of other goods is $50. The number of units of private education the Anteaters optimally consume is units (enter only a number in the blank, and round to the nearest integer if necessary)
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