Nadia likes spare ribs, R, and fried chicken, C. Her utility function is U=10R²C. Her weekly income is Y=$180, which she spends on only ribs and chicken. If she pays $20.00 for a slab of ribs and $10.00 for a chicken, what is her optimal consumption bundle? Nadia's optimal consumption bundle contains slabs of ribs and chickens. (Enter numeric responses using integers.) fried

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Consumer Choice: Maximizing Utility And Behavioral Economics
Section: Chapter Questions
Problem 6QP
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Nadia likes spare ribs, R, and fried chicken, C. Her utility function is U = 10R°C.
Her weekly income is Y = $180, which she spends on only ribs and chicken.
8-
If she pays $20.00 for a slab of ribs and $10.00 for a chicken, what is her optimal
consumption bundle?
7-
Nadia's optimal consumption bundle contains slabs of ribs and fried
6-
chickens. (Enter numeric responses using integers.)
3-
2-
1
89 10 11 12 13 14 15 16 17 18
Chicken
tv
21
DII
DD
80
F7
F8
F9
F10
F2
F3
F4
F5
F1
@
#3
$
%
&
1
2
3
5
7
8.
9.
Q
W
E
R
T
Y
A
F
G
H.
K
C
V
M
option
command
command
of
.. .-
V -
B
N
Transcribed Image Text:Nadia likes spare ribs, R, and fried chicken, C. Her utility function is U = 10R°C. Her weekly income is Y = $180, which she spends on only ribs and chicken. 8- If she pays $20.00 for a slab of ribs and $10.00 for a chicken, what is her optimal consumption bundle? 7- Nadia's optimal consumption bundle contains slabs of ribs and fried 6- chickens. (Enter numeric responses using integers.) 3- 2- 1 89 10 11 12 13 14 15 16 17 18 Chicken tv 21 DII DD 80 F7 F8 F9 F10 F2 F3 F4 F5 F1 @ #3 $ % & 1 2 3 5 7 8. 9. Q W E R T Y A F G H. K C V M option command command of .. .- V - B N
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