Calculate how many burritos to consume, Microeconomics

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Calculate how many burritos to consume

Lisa consumes only pizzas (P) and burritos (B). Her utility function is U = P0.5 B0.5. The price of per pizza is $10 and the price per burrito is $5. In equilibrium, Lisa consumes 4 pizzas. Using Lisa's utility function, calculate how many burritos she consumes.

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Microeconomics: Calculate how many burritos to consume

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The price of per pizza is $10 and the price per burrito is $5. In equilibrium, Lisa consumes 4 pizzas. Using Lisa's utility function, calculate how many burritos she consumes.

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Microeconomics: Calculate how many burritos to consume

Reference No:- TGS038959

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Federal transfer tax on estate

Q : Exchange for the transferred property

Q : What is the growth rate of the dividends

Q : How large an equal annual end-of-year deposit must be made

Q : Calculate how many burritos to consume

Q : How long would it take for you to save an adequate amount

Q : What rate of return did she earn over the year

Q : What is the change in net working capital

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Calculate how many burritos to consume

Reference No:- TGS038959

Recent Questions Asked Microeconomics

Q : Federal transfer tax on estate

Q : Exchange for the transferred property

Q : What is the growth rate of the dividends

Q : How large an equal annual end-of-year deposit must be made

Q : Calculate how many burritos to consume

Q : How long would it take for you to save an adequate amount

Q : What rate of return did she earn over the year

Q : What is the change in net working capital

Q : How much revenue to earn to cover monthly costs

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