Vasco likes spare ribs r and fried chicken c his utility, Ask an Expert

Economics

Vasco likes spare ribs, R, and fried chicken, C. His utility function is: U(C, R) = 40R^2C. His weekly income is $180, which he spends on only ribs and chicken. If he spends $20 for a slab of ribs and $10 for a chicken, what is his optimal consumption bundle? That is optimal value of ribs (R) = _____ units.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91721078

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