anonymous
  • anonymous
Miss Muffet always likes to have things "just so". In fact, the only way she will consume her curds and whey is 2 Units of Curds with 1 Unit of Whey. I know the Utility function is U=min(2W, C) Miss Muffet has $12. P for curds is $1, and P for Whey is $2. What is the utility maximizing bundle?? and how!?
OCW Scholar - Principles of Microeconomics
katieb
  • katieb
See more answers at brainly.com
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this
and thousands of other questions

anonymous
  • anonymous
\[Pc \times C + Pw \times W = M \] so \[C +2W=12\] and also 2W=C so solving above 2 equations, v get 4W=12 W=3 n C=6

Looking for something else?

Not the answer you are looking for? Search for more explanations.