Asked by Daniel
If Joe is currently consuming 64 nuts and 10 berries, what is the largest number of berries he would be willing to give up in exchange for 17 additional nuts?
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Answered by
Daniel
Here is the Question again :
Joe is a rational Squirrel with the utility function( u = 4n^0.5 + b ) . If Joe is currently consuming 64 nuts and 10 berries, what is the largest number of berries he would be willing to give up in exchange for 17 additional nuts?
Joe is a rational Squirrel with the utility function( u = 4n^0.5 + b ) . If Joe is currently consuming 64 nuts and 10 berries, what is the largest number of berries he would be willing to give up in exchange for 17 additional nuts?