Question
The total annual consumption of Alpha and Beta is 400 kilograms (K) of chicken. The total utility function of Alpha (UA) = K^0.5 and that
The total annual consumption of Alpha and Beta is 400 kilograms (K) of
chicken. The total utility function of Alpha (UA) = K^0.5 and that of Beta (UB) =0.5K^0.5
.
How many kilograms of chicken would Beta have to consume for the utilities of the two consumers to be
consumers are the same? In the range of
a. 50 75
b. 100 125
c. 250 275
d. 300 325
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
