Question
Questions Suppose that Olivia has $29 per week to spend on snacksOreo cookies and KitKat chocolate bars. A box of Oreo cookies costs $3.5. A
Questions
Suppose that Olivia has $29 per week to spend on snacksOreo cookies and KitKat chocolate bars.
A box of Oreo cookies costs $3.5.
A KitKat chocolate bar costs $3.0.
Total Utility Table for Oreo cookies and KitKat chocolate bars as below.
| Count | Oreo Cookies | KitKat Chocolate Bars |
| 1 | 59 | 43 |
| 2 | 106 | 75 |
| 3 | 135 | 98 |
| 4 | 149 | 117 |
| 5 | 162 | 129 |
| 6 | 164 | 139 |
| 7 | 164 | 147 |
Question 1
Graph the Budget Constraint with Oreo cookies on the horizontal axis and KitKat chocolate bars on the vertical axis. Demonstrate the Budget Constraint as an equation.
| Insert your answer here. |
Question 2
Calculate Olivia's Marginal utils for Oreo cookie consumption and KitKat chocolate bar consumption.
| Insert your answer here. |
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French Banking And Entrepreneurialism In China And Hong Kong From The 1850s To 1980s
Authors: Hubert Bonin
1st Edition
0429560095, 9780429560095
