What are three ratios that are equivalent to 8 : 2
2 answers:
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Answer:
She consumes 30 blue ray disk and 60 DVD respectively.
Step-by-step explanation:
Consider the provided information.
Calculate marginal utility of good
Differentiate with respect of x and y.
Her consumption of Blu-ray disks (X) with a price of $40 and Y is her consumption of DVDs with a price of $10.
The ratio of marginal utility of good x to y is equal to the price ratio:
Substitute the respective values.
She has $1800 with which to spend on the two goods.
Her consumption of Blu-ray disks (X) with a price of $40 and Y is her consumption of DVDs with a price of $10. She has $1800 with which to spend on the two goods.
Therefore,
Substitute the value of y in above equation.
Thus,
She consumes 30 blue ray disk and 60 DVD respectively.
The photo show how to solve the equation. Also you can use calculator to solve the problem. The easiest way of doing this is using a scientific calculator then use shift solve method for the ans
