A. Each week, Adriel buys cheese (C) and sausage (S) which provides him a utility of U= 5th root of (C2 S). If he allocates Php200 of his weekly income to buy cheese that costs Php 20 per unit, and sausage that costs Php 10 per unit, To maximize her utility, he will buy the quantity of cheese [ Select ] times that of sausage. This means that he will spend his weekly budget where cheese amounts to a total of Php [ Select] M and sausage amount to a total of Php [ Select ] This gives him a total utility equal to [ Select]

A. Each week, Adriel buys cheese (C) and sausage (S) which provides him a utility of U= 5th root of (C2 S). If he allocates Php200 of his weekly income to buy cheese that costs Php 20 per unit, and sausage that costs Php 10 per unit, To maximize her utility, he will buy the quantity of cheese [ Select ] times that of sausage. This means that he will spend his weekly budget where cheese amounts to a total of Php [ Select] M and sausage amount to a total of Php [ Select ] This gives him a total utility equal to [ Select]

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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