Question
Suppose Caitlan has preferences for Watermelons (W) and Bananas (B) given by: Utility = 4.56*W*B Caitlan wishes to generate X utils from the consumption of
- Suppose Caitlan has preferences for Watermelons (W) and Bananas (B) given by: Utility = 4.56*W*B
Caitlan wishes to generate X utils from the consumption of watermelons and bananas. Let X = 74. Suppose she can only buy bananas in sets of 5, 10, 15, 20 or 23 units. How many units of watermelons should she consume in each case to ensure that she does not change her desired utility level?
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Macroeconomics Theories and Policies
Authors: Richard T. Froyen
10th edition
013283152X, 978-0132831529
