Aji's utility function for Blueberry (b) and Raspberry (r) is given as U = f(b, r); Budget constraint: 100 = 4b + 5r, If Blueberry is graph in the horizontal axis and Raspberry on the Vertical axis, the slope of this budget line is . (Please put your answer in fraction form like 3/7). The maximum number of Raspberry Aji could afford (Please put your answer in numerical forms without comma and decimal place). The maximum number of Blueberry Aji could afford is . (Please put your answer in numerical forms without comma and decimal place). Aji is considering 3 different bundles X, Y & Z. Bundle X contains 10 Blueberry and 15 Raspberry, bundle Y contains 7 Blueberry and 13 Raspberry, bundles Z contain 5 Blueberry and 16 Raspberry. Bundle X cost bundle Y cost & bundle cost (Please put your answers for all these 3 bundle cost in numerical forms without dollar sign, comma or a decimal place). What is the optimal bundle? (Please choose X,Y or Z, upper case only)

Aji's utility function for Blueberry (b) and Raspberry (r) is given as U = f(b, r); Budget constraint: 100 = 4b + 5r, If Blueberry is graph in the horizontal axis and Raspberry on the Vertical axis, the slope of this budget line is . (Please put your answer in fraction form like 3/7). The maximum number of Raspberry Aji could afford (Please put your answer in numerical forms without comma and decimal place). The maximum number of Blueberry Aji could afford is . (Please put your answer in numerical forms without comma and decimal place). Aji is considering 3 different bundles X, Y & Z. Bundle X contains 10 Blueberry and 15 Raspberry, bundle Y contains 7 Blueberry and 13 Raspberry, bundles Z contain 5 Blueberry and 16 Raspberry. Bundle X cost bundle Y cost & bundle cost (Please put your answers for all these 3 bundle cost in numerical forms without dollar sign, comma or a decimal place). What is the optimal bundle? (Please choose X,Y or Z, upper case only)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose Lucia has to choose between purchasing high-definition televisions and water. Which of the following is the utility-maximizing rule that Lucia should follow while choosing the optimal quantities of these two goods? (Note: In the answer options that follow, MU stands for "marginal utility.") DO (MU of Water) x (Price of Water) - (MU of HDTVs) x (Price of HDTVs) O MU of Water - MU of HDTVs MU of HDTVs MU of Water Price of HDTVs Price of Water O MU of Water Price of Water MU of HDTVs Price of HDTVs Since water costs little and high-definition televisions are expensive, it must follow that when people choose their optimal quantities of water and high-definition televisions to purchase, the marginal utility they receive from the last high-definition television they buy is than the marginal utility they receive from the last gallon of water they buy.
Please answer just D,E,F,G, thanks!
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