Diogo has a utility function U = 100x09201 The price of X is p, = $2, the price of Z is p, = $4, and his income is $60. What is Diogo's optimal bundle? (round your answer to one decimal place) = |54.0 units Z.= 15 0 units %3D

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A: Utility indicates the satisfaction consumers earn from consumption.

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A: We are going to use Consumser decision theory to answer the question.

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A:

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A:

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A:

Q: Jessica has an income of $216 and she is buying apple cider and books. Apple cider is $8 per unit…

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Q: Assume that an individual has the following utility function: U(x, y) - 4x + 2y. F function, the MRS…

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A: A utility function represents homothetic preferences when it is homogeneous of degree n.

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Q: Diogo has a utility function: U = 100x0.9z0.1 The price of X is px = $5, the price of Z is p, = $14,…

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A: Answer; =1.03

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