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Title: Natasha derives utility from attending rock concerts (r) and from drinking colas (c) as follows: ... Post by: corie on Oct 24, 2017 Natasha derives utility from attending rock concerts (r) and from drinking colas (c) as follows:
U(c,r) = c.9r.1 The marginal utility of cola (MUc) and the marginal utility of rock concerts (MUr) are given as follows: MUc = .9c-.1r.1 MUr = .1c.9r-.9 a. If the price of cola (Pc) is $1 and the price of concert tickets (Pr) is $30 and Natasha's income is $300, how many colas and tickets should Natasha buy to maximize utility? b. Suppose that the promoters of rock concerts require each fan to buy 4 tickets or none at all. Under this constraint and given the prices and income in (a), how many colas and tickets should Natasha buy to maximize utility? c. Is Natasha better off under the conditions in (a) or (b)? Explain your answer. Title: Re: Natasha derives utility from attending rock concerts (r) and from drinking colas (c) as follows: ... Post by: boransal on Oct 24, 2017 Content hidden
Title: Re: Natasha derives utility from attending rock concerts (r) and from drinking colas (c) as follows: ... Post by: Aidan Castle on May 18, 2020 Hello, works great
Title: Re: Natasha derives utility from attending rock concerts (r) and from drinking colas (c) as follows: ... Post by: Alberto Vasino on Jun 30, 2020 goooooo
Title: Re: Natasha derives utility from attending rock concerts (r) and from drinking colas (c) as follows: ... Post by: Muhamad Razif Iqbal on Oct 28, 2020 thank you
Title: Re: Natasha derives utility from attending rock concerts (r) and from drinking colas (c) as follows: ... Post by: Tanzilla Michelle Rushepp on Oct 28, 2020 Thank you
Title: Re: Natasha derives utility from attending rock concerts (r) and from drinking colas (c) as follows: ... Post by: Lia Siti Maliyah Rahman on Oct 28, 2020 Thak you
Title: Re: Natasha derives utility from attending rock concerts (r) and from drinking colas (c) as follows: ... Post by: Nimra Khan on Dec 25, 2020 wow
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