Neha and Sonam consume only Coke and Pepsi in a two person and two goods exchange economy. Neha
consumes these two goods in fixed proportions such that she consumes 2 bottles of coke with 1 bottle of Pepsi.
Sonam's utility function is given by U = 4P + 3C . In the economy, there is a total of 100 bottles of Pepsi and 200
bottles of Coke. If Neha initially had 60 bottles of Pepsi and 80 bottles of coke, then in the equilibrium position,
Sonam will consume:
Answers
Answer:
10 bottles of Pepsi and 40 bottles of coke
Explanation:
Utility function is a measure of how much a person or an individual desires a particular good or item.
It is given that in total there is 100 Pepsi bottle and 200 Coke bottles .
And Neha consumed 60 bottles of Pepsi and 80 Coke bottles then Sonam would have :
The utility function of Sonam is given as U = 4P + 3C
The remaining bottles of Pepsi is 40 and remaining coke bottles is 120.
So Sonam would have according to her utility function equation :
10 bottle of Pepsi and and 40 bottles of Coke.
External link : https://brainly.in/question/19299121
Answer:
Answer:
10 bottles of Pepsi and 40 bottles of coke
Explanation:
Utility function is a measure of how much a person or an individual desires a particular good or item.
It is given that in total there is 100 Pepsi bottle and 200 Coke bottles .
And Neha consumed 60 bottles of Pepsi and 80 Coke bottles then Sonam would have :
The utility function of Sonam is given as U = 4P + 3C
The remaining bottles of Pepsi is 40 and remaining coke bottles is 120.
So Sonam would have according to her utility function equation :
10 bottle of Pepsi and and 40 bottles of Coke.
External link : https://brainly.in/question/19299