It is given that the utility is 4
This implies 4 = minimum of (2x, y)
4 = 2x and 4 = y
This gives 2 tablespoons of peanut butter and 4 tablespoons of jelly.
Select last option.
PULSO Question 70 Question 7 3 points Save Answe Gina likes peanut butter and consumes them...
Can I please have help with parts 4-6? Thank you! Question 3: Sandwiches (30 points) Anabelle does not like to mix peanut butter and jelly in the same sandwich. However, she will consume them separately; for her, a sandwich with 1 spoon of peanut butter is exactly the same as a sandwich with 2 spoons of jelly. Anabelle has an income of m = 50, and the prices per spoonful of peanut butter and jelly are PPB 5 and pj=1....
Question 1: Louis the retired Canadian lives on a fixed budget and consumes only two goods: toques (T) and maple syrup (M). Suppose Louis monthly budget is 100 and the price of the two goods are (PT,PM) (4,2). (a) Make a properly labeled diagram illustrating Louis'budget constraint with T on the hori- zontal axis and M on the vertical axis. Indicate the area corresponding to the set of bundles (M, T) that Louis can afford. (b) What is the maximum...