Course dashboardSoru 5Answer the following question according to the information given below:HenüzSuppose that Ayşe allocates all her income on food and shelter. The price of food is 2 TL andcevaplanmadıthe price of shelter is 4 TL per unit. Suppose further that the following equations represent themarginal utilities of food and shelter, respectively.4 üzerinden13işaretlenmişMUF = 24 - 2F19P Soruyu işaretleMUS = 80 – 8S25where F and S represent the quantity of food and shelter consumed, respectively and MUF andMUs are measured in million utils. Also, Ayşe's income is 48 TL.UyHow many units of shelter should she purchase to maximize her total satisfaction?KalLütfen birini seçin:O A. 20O B.7O C 12O D. 16O E 8SONRAKİ SAYFAÖNCEKİ SAYFA

A rational individual who always aims to maximize her utility from the consumption of two…

Answer the following question according to the information given below: Suppose that Ayşe allocates all her income on food and shelter. The price of food is 2 TL and the price of shelter is 4 TL per unit. Suppose further that the following equations represent the marginal utilities of food and shelter, respectively. MUF = 24 - 2F MUS = 80 – 8S where F and S represent the quantity of food and shelter consumed, respectively and MUF and MUs are measured in million utils. Also, Ayşe's income is 48 TL. How many units of shelter should she purchase to maximize her total satisfaction?

Answer the following question according to the information given below: Suppose that Ayşe allocates all her income on food and shelter. The price of food is 2 TL and the price of shelter is 4 TL per unit. Suppose further that the following equations represent the marginal utilities of food and shelter, respectively. MUF = 24 - 2F MUS = 80 – 8S where F and S represent the quantity of food and shelter consumed, respectively and MUF and MUs are measured in million utils. Also, Ayşe's income is 48 TL. How many units of shelter should she purchase to maximize her total satisfaction?

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter20: Consumer Choice And Elasticity

Section: Chapter Questions

Problem 4CQ

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