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Suppose Ms. A has the utility function U = 3B + 2P, where B is a pack of blue golf balls and P is a
Suppose Ms. A has the utility function U = 3B + 2P, where B is a pack of blue golf balls and P is a pack of pink golf balls. She devotes $240 a month to goods B and P, and the price of B is $24 and the price of P is $10.
- Include below Ms. A's indifference curves for U = 18, U = 30 and U = 48. What is Ms. A's utility maximizing level of consumption of goods G and H per month? Answer this question graphically - correctly label everything, including the optimal bundle.
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