Charlie has a utility function ua b a b the price of, Ask an Expert

Economics

Charlie has a utility function U(A, B) = A + B, the price of apples is $3, and the price of bananas is $2. If Charlie’s income were $120, how many units of bananas would he consume if he chose the bundle that maximized his utility subject to his budget constraint?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92234795

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