The price of per pizza is 10 and the price per burrito is, Ask an Expert

Economics

Lisa consumes only pizzas (P) and burritos (B). Her utility function is U = P0.5 B0.5. The price of per pizza is $10 and the price per burrito is $5. In equilibrium, Lisa consumes 4 pizzas. Using Lisa's utility function, find out how many burritos she consumes.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M938959

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