Zadie has utility over books (B) and journals (J) of the form U = B¹/2 + 1/2 How much will Zadie consume of each good B and J? O(B,J) = ( 2 ○(B, J) = (2) ○(B, J) = (², ²) P₁ PI (B₁J) = ( Pa P+Pa' Pj Pj+Pa
Zadie has utility over books (B) and journals (J) of the form U = B¹/2 + 1/2 How much will Zadie consume of each good B and J? O(B,J) = ( 2 ○(B, J) = (2) ○(B, J) = (², ²) P₁ PI (B₁J) = ( Pa P+Pa' Pj Pj+Pa
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Zadie has utility over books (B) and journals (J) of the form U = B2 + J12.
How much will Zadie consume of each good B and J?
O(B, J) = ,
P P
2P
O(B, J) = ( 2p,
O(B, J) = ()
Pa' Ps
(B, J) = ( L P
Pa Pr+Pn' Ps PstPa](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7ec70b84-8e2a-4846-85d9-f50115a864e8%2F55ec2171-5ff2-49c8-9ea4-e3ce7c4286b4%2Fetgsn0e_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Zadie has utility over books (B) and journals (J) of the form U = B2 + J12.
How much will Zadie consume of each good B and J?
O(B, J) = ,
P P
2P
O(B, J) = ( 2p,
O(B, J) = ()
Pa' Ps
(B, J) = ( L P
Pa Pr+Pn' Ps PstPa
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