Diogo has a utility function, 0.5 0.5 U(91.92)=9192 where q₁ is chocolate candy and q₂ is slices of pie. If the price of slices of pie, P2, is $5.00, the price of chocolate candy, P₁, is $2.50, and income, Y, is $100, what is Diogo's optimal bundle? The optimal value of good q₁ is 91 units. (Enter your response rounded to two decimal places.)

Diogo has a utility function, 0.5 0.5 U(91.92)=9192 where q₁ is chocolate candy and q₂ is slices of pie. If the price of slices of pie, P2, is $5.00, the price of chocolate candy, P₁, is $2.50, and income, Y, is $100, what is Diogo's optimal bundle? The optimal value of good q₁ is 91 units. (Enter your response rounded to two decimal places.)

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 1SQP

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Question

not use ai please

Diogo has a utility function,
0.5 0.5
U(91.92)=9192
where q₁ is chocolate candy and q₂ is slices of pie. If the price of slices of pie, P2, is $5.00, the price of chocolate candy, P₁, is $2.50, and income, Y, is $100, what is Diogo's optimal bundle?
The optimal value of good q₁ is
91
units. (Enter your response rounded to two decimal places.)

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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