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Usually I consume two hot drinks, coffee or tea. My utility from hot drinks is expressed by the following function, u(x1, x2)=3x1 + 2x2, where
Usually I consume two hot drinks, coffee or tea. My utility from hot drinks is expressed by the following function, u(x1, x2)=3x1 + 2x2, where good 1 is tea and good 2 is coffee. Let my weekly budget for hot drinks is 60 AZN, and prices of drinks be p1=3 AZN and p2=1 AZN. What is the optimal consumption bundle of these two hot drinks
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