Question: 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

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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The utility function is U q l q 2 q 1 02 q 2 03 Here q 1 is the consumption of chocolate candy q 2 i... View full answer

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