A. Each week, Gavriel buys cheese (C) and sausage (S) which provides her a utility of U- 5th root of (C S), If she allocates Php100 of her weekly income to buy cheese that costs Php10 per unit, and sausage that costs Php5 per unit, To maximize her utility, she will buy the quantity of cheese Select ] V times that of sausage. This means that she will buy | Select ] Y units of cheese and Select| V units of sausage. This gives him an initial total utility equal to | Select |

A. Each week, Gavriel buys cheese (C) and sausage (S) which provides her a utility of U- 5th root of (C S), If she allocates Php100 of her weekly income to buy cheese that costs Php10 per unit, and sausage that costs Php5 per unit, To maximize her utility, she will buy the quantity of cheese Select ] V times that of sausage. This means that she will buy | Select ] Y units of cheese and Select| V units of sausage. This gives him an initial total utility equal to | Select |

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 3SQP

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Wherein:TU = Total Utilityf= is a function ofMU = Marginal UtilityO = units of consumptionA= infinitesimal change EMV= Expected Monetary Value
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