(Answered) What is Brian best feasible bundle

Economics

Problem: Brian is grabbing beer for his party tonight. He can choose PBR (P) AND Natural Light ( N). Brian has $160 to spend, PBR IS $0.8 a can and Natural Light is $0.5. For Brian, PBR and Natural Light are the same thing. ( He has no preference of one over the other). His utility is therefor:

U(P,N) = P+N

Required:

Question 1: What is Brian's best feasible bundle?

Question 2: Holding constant the price of Natural Light, what will be the new optimal bundle if the price of PBR is now half off per can?

Question 3: If the price of PBR and Natural Light double, What's Brian's best feasible bundle?

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Macroeconomics, Economics

Category:- Macroeconomics
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