Asked by Ayansa Dabesa soboka
1)The utility that a consumer obtains by consuming goods A and B is given by U(Qa,Qb)= Qb^0.1Qa^0.1.
a)With the assumption that Pb=6 and Pa=10, Y = 100, calculate the optimal Qa and Qb .
Determine the MRSba at the optimum level.
a)With the assumption that Pb=6 and Pa=10, Y = 100, calculate the optimal Qa and Qb .
Determine the MRSba at the optimum level.
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