Microeconomics questions in 2 hours.
1) Marry is at the supermarket buying her bi-weekly groceries. As she arrived at the store right before closing, not much is left on the shelves; so her purchases are limited to beef, B, and an assortment of organic vegetables, V. Beef costs $50/kg and vegetables $10/kg. Her utility function is expressed as ????(????, ????) = ????ˆ0.6 ????ˆ03. She has $150 to spend. Please answer […]