Lakshmi's preferences over video games (V) and pizza (Z) are represented by the utility function U(Z,...

 

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Lakshmi's preferences over video games (V) and pizza (Z) are represented by the utility function U(Z, V) = ZV+2(Z + V). If the price of a video game is $60 and the price of a pizza is $15, find Lakshmi's optimal consumption bundle assuming she has a $450 budget. a. Z=25 and V=2 b. Z=18 and V=3 c. Z=16 and V=4 d. Z=10 and V=5 e. Z=30 and V=0 f. Z=0 and V=7.5 Lakshmi's preferences over video games (V) and pizza (Z) are represented by the utility function U(Z, V) = ZV+2(Z + V). If the price of a video game is $60 and the price of a pizza is $15, find Lakshmi's optimal consumption bundle assuming she has a $450 budget. a. Z=25 and V=2 b. Z=18 and V=3 c. Z=16 and V=4 d. Z=10 and V=5 e. Z=30 and V=0 f. Z=0 and V=7.5

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Given Lakshmis preference over video games V and pizza Z represented by the utility function UZ V ZV ... View the full answer