fbpx

Utility Assignment | Homework For You

Joan consumes two goods: pineapples and coconuts. Her utility for these two goods is given below:Homework For You

Don't use plagiarized sources. Get Your Assignment on
Utility Assignment | Homework For You
Just from $13/Page
Order Now
Pineapples Total Utility from Pineapples Coconuts Total Utility from Coconuts
0 0 0 0
1 60 1 20
2 100 2 35
3 120 3 45
4 50
5 53
6 55

Joan has $6. If pineapples cost $3 each, and coconuts cost $1 each, how many pineapples and coconuts should Joan purchase to maximize her utility?

6 coconuts

2 pineapples

1 pineapple and 3 coconuts

4 coconuts. Get Economics homework help today

Calculate your paper price

Pages(550 words)

Approximate price:-