Diogo has a utility function uq1 q2 q102q208 where q1 is, Ask an Expert

Economics

Diogo has a utility function, U(q1, q2) = (q1^0.2)(q2^0.8) Where q1 is chocolate candy and q2 is slices of pie. If the price of slices of pie, p2 is $4.00, the price of chocolate candy, p1 is $ 2.00, and income, Y is $100, what is Diogo's optimal bundle? That is the optimal value of good q1=_____ units

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720712

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