Diogo's utility function is U(q1, q2) = q10.75q20.25, where q1 is chocolate candy and q2 is slices

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Diogo's utility function is U(q1, q2) = q10.75q20.25, where q1 is chocolate candy and q2 is slices of pie. If the price of a chocolate bar, p1, is $1, the price of a slice of pie, p2, is $2, and Y is $80, what is Diogo's optimal bundle?

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Question Posted: Dec 29, 2017 12:44 AM

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Diogo's utility function is U(q1, q2) = q10.75q20.25, where q1 is chocolate candy and q2 is slices

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Diogos Equating this with the relat...View the full answer

Microeconomics Theory and Applications with Calculus

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