Question
Sansa collects Hummel figurines and barbie dolls. Let H and B designate the number of pieces in each collection, respectively. Sansa displays only the collection
Sansa collects Hummel figurines and barbie dolls. Let H and B designate the number of pieces in each collection, respectively. Sansa displays only the collection for which she has a larger number of pieces, thus her utility function is U (H,B) = max{x,y} refers to taking the maximal number amongst the parameters. For example, max {6;2} =6, Sansa has $1000 to spend on her collection. The Hummel figurines cost $50 and the barbie cost $20 each.
Find Sansa optimal bundle, indicatong the number of Hummelfigurines and the number of barbie dolls in this optimal bundle
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