Business
Business, 21.02.2020 05:24, leahstubbs

Miss Quested has the following quasi-linear utility function over bread (b) and housing (h): U(b, h) = 2b1/2 + h Assume that Miss Quested’s total income is $24, the price of bread is $1 per unit and the price of housing is $4 per unit. What is Miss Quested’s utility maximizing combination of bread and housing?

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