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/quizzes/185133/take Section B1: Fill-in-the-Blank Questions The questions in this section are worth 5 points in total The questions in this section are about Albertine. Albertine
/quizzes/185133/take Section B1: Fill-in-the-Blank Questions The questions in this section are worth 5 points in total The questions in this section are about Albertine. Albertine has the utility function u(21, $2) = mix over mangos and star fruits, where 1 is the number of mangos and 2 is the number of star fruits. D Question 11 5 pts Suppose that the price of mangos is $2 and that of star fruits is $3 and that Albertine is endowed with 12 mangos and 8 star fruits. The maximum number of mangos that Albertine can afford is 24 The maximum number of star fruits at Albertin time can afford is Lo Her gross domand for W P hp HEWLETT-PACKARDNew Tab quizzes/185133/take Her gross demand for mangos will be 9-6 Her gross demand for star fruits will be 9.6 Her net demand for mangos will be 2.4 Her net demand for star fruits will be 1.6 Suppose now that the dollar value of Albertine's endowment were the same, but that prices were different, such that her net demand for mangos were zero. In that case. CO the price of mangos must be the price of star fruits must be Finally, suppose that the dollar value of Albertine's endowment were the same, but that prices were different, such that her net demand for star fruits were zero. In that case the price of mangos must be the price of star fruits must be o W hp
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