Posted by **raeesa javed** on Monday, April 19, 2010 at 9:39am.

Rashida has a monthly income of $200.which sheallocates between two goods meat and potatoes,

(a)suppose meat cost$4 per pound and potatoes cost $2 per pound.drawv her budget constraint.

(b)suppose that her utility function is given by the equation u(M,P)=2M+P. WHAT COMBINATION OF MEAT AND POTATOES SHOULD SHE BUY TO MAXIMIZE HERU TILITY?(MEAT AND POTATOES ARE PERFECT SUBSTITUTE.)

## Answer This Question

## Related Questions

- math - You need at least 5 pounds of potatoes and onions. Potatoes cost $4 per ...
- Math - What operation should I use to solve this problem? Jessica bought 10.50 ...
- Strayer University - a dog-food company makes a special kind of dog food. It ...
- 5th grade Math - Please help, what operation should I use to solve this problem...
- algebra - Mr. Miller says, Plan on a quarter pound of hamburger per person." ...
- econimics - Suppose that two people, Michelle and James each live alone in an ...
- Microeconomics - Suppose that two people, Michelle and James each live alone in ...
- MICROECONOMICS - Suppose that two people, Michelle and James each live alone in ...
- microeconomics - potatoes chickens MICHELLE 200 PER YEAR 50 PER YEAR jAMES 80 ...
- math - A Cat-Food Company makes a special kind of cat food. It consist of 40% ...

More Related Questions