Jose has utility for UC Davis sporting events equal to U = S²B where S is the number of Soccer games and B is the number of baseball games. Baseball games cost $5 per game and Soccer games cost $10 per game. How many soccer games will Jose attend in his optimal bundle for ever baseball game? In other words, in his optimal bundle, S = xB. Second, if Jose has $90 to spend on sports, how many baseball games will he attend? In other words, Jose will attend baseball games in his optimal bundle. Third, if Jose's budget increases to $180, now how many baseball games will he attend? Jose will attend baseball games. Fourth, for Jose, is baseball a normal or inferior good? Enter the word "normal" or "inferior" here

Jose has utility for UC Davis sporting events equal to U = S²B where S is the number of Soccer games and B is the number of baseball games. Baseball games cost $5 per game and Soccer games cost $10 per game. How many soccer games will Jose attend in his optimal bundle for ever baseball game? In other words, in his optimal bundle, S = xB. Second, if Jose has $90 to spend on sports, how many baseball games will he attend? In other words, Jose will attend baseball games in his optimal bundle. Third, if Jose's budget increases to $180, now how many baseball games will he attend? Jose will attend baseball games. Fourth, for Jose, is baseball a normal or inferior good? Enter the word "normal" or "inferior" here

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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