Diogo has a utility function, U(q1, q2) = q1 0.8 q2 0.2,where q1 is chocolate candy and q2 is slices of pie. If the price of slices of pie, p2, is $1.00, the price of chocolate candy, p1, is $0.50, and income, Y, is $100, what is Diogo's optimal bundle?The optimal value3 of good q1 isq = units. (Enter your response rounded to two decimal places.)1 The optimal value of good q2 isq2 = units. (Enter your response rounded to two decimal places.)
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in euqtion (iii) we have
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Diogo has a utility function, U(q1, q2) = q1 0.8 q2 0.2,where q1 is chocolate candy and q2 is slices...
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