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QUESTION 7 Amanda eats cokes and hotdogs for her funday lunch. Her utility from consuming x cokes and y hotdogs is u(x, y) = 2x1/2
QUESTION 7 Amanda eats cokes and hotdogs for her funday lunch. Her utility from consuming x cokes and y hotdogs is u(x, y) = 2x1/2 y. The price of cokes is $2 per unit and the price of hotdogs is $5 per unit. Amanda's lunch budget is $120 (yes, it's a funday). Amanda's MRSxy = y/ The amount of cokes in her optimal choice is and the amount of hotdogs in her optimal choice Is Hint: For the optimal choice, write intergers
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