Answer the following question according to the information given below:Suppose that Ayşe allocates all her income on food and shelter. The price of food is 2 TL andthe price of shelter is 4 TL per unit. Suppose further that the following equations represent themarginal utilities of food and shelter, respectively.71314MUF = 24 - 2F1920aretleMUS = 80 – 8S25where F and S represent the quantity of food and shelter consumed, respectively and MUF andMUŞ are measured in million utils. Also, Ayşe's income is 48 TL.UygulamaHow many units of shelter should she purchase to maximize her total satisfaction?Kalan süreLütfen birini seçin:O A. 20O B. 7O C.12O D. 16O E 82]6,

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Answer the following question according to the information given below: Suppose that Ayşe allocates all her income on food and shelter. The price of food is 2 TL and the price of shelter is 4 TL per unit. Suppose further that the following equations represent the marginal utilities of food and shelter, respectively. MUF = 24 2F MUS = 80 – 8S where F and S represent the quantity of food and shelter consumed, respectively and MUF and MUs are measured in million utils. Also, Ayşe's income is 48 TL. How many units of shelter should she purchase to maximize her total satisfaction? Lütfen birini seçin: O A. 20 O B.7 O C. 12 O D. 16 OE 8

Answer the following question according to the information given below: Suppose that Ayşe allocates all her income on food and shelter. The price of food is 2 TL and the price of shelter is 4 TL per unit. Suppose further that the following equations represent the marginal utilities of food and shelter, respectively. MUF = 24 2F MUS = 80 – 8S where F and S represent the quantity of food and shelter consumed, respectively and MUF and MUs are measured in million utils. Also, Ayşe's income is 48 TL. How many units of shelter should she purchase to maximize her total satisfaction? Lütfen birini seçin: O A. 20 O B.7 O C. 12 O D. 16 OE 8

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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