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? Lütfen birini seçin: O A. 20 O B.7 O C. 12 O D. 16 OE 8

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Chapter20: Consumer Choice And Elasticity
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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.
7
13
14
MUF = 24 - 2F
19
20
aretle
MUS = 80 – 8S
25
where F and S represent the quantity of food and shelter consumed, respectively and MUF and
MUŞ are measured in million utils. Also, Ayşe's income is 48 TL.
Uygulama
How many units of shelter should she purchase to maximize her total satisfaction?
Kalan süre
Lütfen birini seçin:
O A. 20
O B. 7
O C.12
O D. 16
O E 8
2]
6,
Transcribed Image Text: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. 7 13 14 MUF = 24 - 2F 19 20 aretle MUS = 80 – 8S 25 where F and S represent the quantity of food and shelter consumed, respectively and MUF and MUŞ are measured in million utils. Also, Ayşe's income is 48 TL. Uygulama How many units of shelter should she purchase to maximize her total satisfaction? Kalan süre Lütfen birini seçin: O A. 20 O B. 7 O C.12 O D. 16 O E 8 2] 6,
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