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.)

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 16SQ

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