Romeo has typical preferences over chocolates C and flowers F, with the associated utility function U (C, F) = 3CF +10C +6F. The price of chocolates is $5 per piece, and the price of flowers is $3 per stalk. He has $90 to spend on chocolates and flowers on Valentine's Day. Suppose his utility does not include any other goods. Fill in the blanks. At these prices, Romeo will purchase______ pieces of chocolates and stalks of flowers. (Round to at least 2 decimal places.)

Romeo has typical preferences over chocolates C and flowers F, with the associated utility function U (C, F) = 3CF +10C +6F. The price of chocolates is $5 per piece, and the price of flowers is $3 per stalk. He has $90 to spend on chocolates and flowers on Valentine's Day. Suppose his utility does not include any other goods. Fill in the blanks. At these prices, Romeo will purchase______ pieces of chocolates and stalks of flowers. (Round to at least 2 decimal places.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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