Diogo has a utility function, 0.2. 0.8 where q, is chocolate candy and q2 is slices of pie. If the price of slices of píe, p2, is $1.00, the price of chocolate candy, p, is $0.50, and income, Y, is $100, what is Diogo's optimal bundle? The optimal value of good q, is 9, = units. (Enter your response rounded to two decimal places.)

Q: Q10. Consider a utility function: U (F,C) = FC so MU_F = C and MU_C = F. In Case 1, Total income is…

A: We are going to use Consumser decision theory to answer the question.

Q: Question 1 Calculate the marginal rate of substitution (MRS12) for the following utility function:…

A: Answer: Given, Utility function:Uq1,q2=74q1+0.6q22 To find the MRS let us find the marginal…

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Q: Diogo has a utility function, 0.2 0.8 U(q,, 92) =q,"42 where q, is chocolate candy and q2 is slices…

A:

Q: Suppose that Paul tells you that his optimal bundle is bundle B.  i. Using this information, show in…

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Q: Rita has the following quasilinear utility function: U(q1,92) = q,0.5 + q2. Suppose that the price…

A:

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A: “Since you have posted a question with multiple sub-parts, we will solve the first three subparts…

Q: 2) Leyla has the utility function U(x₁,x₂) = 4x₁²x₂³. (x₁: nuts, x₂: berries). a) If Leyla has an…

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Q: Diogo has a utility function, U(a,, 92) =q, 02., 0.8 where q, is chocolate candy and q2 is slices of…

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A:

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A:

Q: Suppose that Paul tells you that his optimal bundle is bundle B. Using this information, show in…

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Q: x0.25 y0.75 and has an income of As in question 2a, A consumer has a utility function given by U…

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