Derek consumes only rackets and tennis balls his utility, Ask an Expert

Economics

Derek consumes only rackets and tennis balls. His utility function is U(x,y)=x^2y^8, where x is the number of rackets consumed and y is the number of tennis balls consumed. Derek's income is $320, and the prices of rackets and tennis balls are $4 and $3 respectively. How many rackets will she consume?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91422640

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