Guerdon always puts half a sliced banana, q, , on his bowl of cereal, q, The two 14 goods are perfect complements. What is his utility function? Derive his demand curve for bananas graphically and...


Guerdon always puts half a sliced banana, q, , on his bowl of cereal, q, The two<br>14<br>goods are perfect complements. What is his utility function? Derive his demand<br>curve for bananas graphically and mathematically.<br>12-<br>10-<br>e,<br>Guerdon's utility function (as a function of q, and q2) is<br>6-<br>VA U= min/2q1.92}<br>4-<br>O B. U=q, +92-<br>2-<br>0+<br>OC. U=29, + q92-<br>10 12 14 16 18 20<br>6<br>22<br>Bananas<br>O D. U=0.5q1 + q2-<br>OE. U=q, xq2-<br>5.00-<br>4.50-<br>Guerdon's demand function for bananas (as a function of the price of bananas,<br>P1. the price of a bowl of cereal, p2, and income, Y) is<br>4,00-<br>3.50-<br>91 =<br>(p1 + 2p2)<br>(Properly format your expression using the tools in the<br>E 3.00<br>palette. Hover over tools to see keyboard shortcuts. E.g., a subscript can be<br>created with the_ character.)<br>2.50-<br>* 2.00-<br>P.<br>1.50-<br>1.00-<br>0.50-<br>0.00+<br>10 12 14<br>Bananas<br>tv<br>80<br>DI<br>DD<br>F1<br>F3<br>F4<br>F5<br>F6<br>F7<br>F8<br>F10<br>@<br>%23<br>$<br>&<br>1<br>3<br>4<br>7<br>Q<br>W<br>E<br>Y<br>U<br>S<br>F<br>H.<br>J<br>く<br>C<br>V<br>M<br>option<br>command<br>command<br>optic<br>ーの<br>* CO<br>Cereal (bowls)<br>p. S per banana<br>B<br>* *<br>N<br>A<br>

Extracted text: Guerdon always puts half a sliced banana, q, , on his bowl of cereal, q, The two 14 goods are perfect complements. What is his utility function? Derive his demand curve for bananas graphically and mathematically. 12- 10- e, Guerdon's utility function (as a function of q, and q2) is 6- VA U= min/2q1.92} 4- O B. U=q, +92- 2- 0+ OC. U=29, + q92- 10 12 14 16 18 20 6 22 Bananas O D. U=0.5q1 + q2- OE. U=q, xq2- 5.00- 4.50- Guerdon's demand function for bananas (as a function of the price of bananas, P1. the price of a bowl of cereal, p2, and income, Y) is 4,00- 3.50- 91 = (p1 + 2p2) (Properly format your expression using the tools in the E 3.00 palette. Hover over tools to see keyboard shortcuts. E.g., a subscript can be created with the_ character.) 2.50- * 2.00- P. 1.50- 1.00- 0.50- 0.00+ 10 12 14 Bananas tv 80 DI DD F1 F3 F4 F5 F6 F7 F8 F10 @ %23 $ & 1 3 4 7 Q W E Y U S F H. J く C V M option command command optic ーの * CO Cereal (bowls) p. S per banana B * * N A

Jun 09, 2022
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