2 years ago

I need help with these fast. Will give you brainliest and all my points

Mathematics

1 answer:

Amanda [17]2 years ago

6 0

I am trying hard to help give me a second

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3 years ago

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5.3

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3 years ago

Natalie consumes only apples and tomatoes. Her utility function is U(x, y) = x 2y 8 , where x is the number of apples consumed a

Kamila [148]

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Step-by-step explanation:

$U(x, y) = x^2y^8$

$MU_x =\frac{\partial U}{\partial x} = 2xy^8\\MU_y = \frac{\partial U}{\partial x} = 8x^2y^7\\$

Price of apples, Px=$4

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Ratio of their Marginal Utilities

$\frac{MU_x}{MU_y} = \frac{Px}{Py}$

$\frac{y}{4x} = \frac{4}{3}$

$y=\frac{16x}{3}$

Since Natalie’s income is $320

320 = xPx+yPy

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Since x=16, Natalie will consume 16 apples.

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3 years ago

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Last answer is correct..

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