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Aji Fatou's utility function for Blueberry (b) and Raspberry (r) is given as follows: U = f(b, r); Budget constraint: 100 = 4b + 5r. If Blueberry is graph in the horizontal axis and Raspberry on the Vertical axis. Which of the following is true? O a. If Aji Fatou spend her entire income on Blueberry, she will get 25 Blueberries. O b. If Aji Fatou spend her entire income on Raspberry, she will get 20 Raspberries. O c. The slope of her budget line is 4/5. O d. All of the above.

Aji Fatou's utility function for Blueberry (b) and Raspberry (r) is given as follows: U = f(b, r); Budget constraint: 100 = 4b + 5r. If Blueberry is graph in the horizontal axis and Raspberry on the Vertical axis. Which of the following is true? O a. If Aji Fatou spend her entire income on Blueberry, she will get 25 Blueberries. O b. If Aji Fatou spend her entire income on Raspberry, she will get 20 Raspberries. O c. The slope of her budget line is 4/5. O d. All of the above.

Micro Economics For Today
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section6.A: Indifference Curve Analysis
Problem 3SQP
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Aji Fatou's utility function for Blueberry (b) and Raspberry (r) is given as follows: U = f(b, r); Budget constraint: 100 = 4b + 5r. If Blueberry is graph in the horizontal axis and Raspberry on the Vertical axis. Which of the following is true? %3D a. If Aji Fatou spend her entire income on Blueberry, she will get 25 Blueberries. b. If Aji Fatou spend her entire income on Raspberry, she will get 20 Raspberries. c. The slope of her budget line is 4/5. d. All of the above.
Transcribed Image Text:Aji Fatou's utility function for Blueberry (b) and Raspberry (r) is given as follows: U = f(b, r); Budget constraint: 100 = 4b + 5r. If Blueberry is graph in the horizontal axis and Raspberry on the Vertical axis. Which of the following is true? %3D a. If Aji Fatou spend her entire income on Blueberry, she will get 25 Blueberries. b. If Aji Fatou spend her entire income on Raspberry, she will get 20 Raspberries. c. The slope of her budget line is 4/5. d. All of the above.
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