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Mairoon Mairoon
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6 years ago
Suppose Joe's utility for lobster (L) and soda (S) can be represented as U = L0.5 S0.5. Joe walks into a restaurant with $72. Lobsters cost $18 each and sodas cost $2 each. How much lobster and soda will Joe consume if he intends to spend all his money? (There are no tax and no tips.)
Textbook 
Microeconomics

Microeconomics


Edition: 6th
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TecShdwTecShdw
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6 years ago
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Mairoon Author
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6 years ago
Brilliant ツ
kamikazekota
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Yesterday
Thanks
shangshang
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2 hours ago
Smart ... Thanks!
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