Ask
your own question, for FREE!
Social Sciences
48 Online
OpenStudy (anonymous):
Clark’s utility function is based on two goods – wigs and suits. His utility function is U (W, S) = 2WS2, and his marginal utilities from wigs and suits are MUW = 2S2 and MUS = 4WS respectively. The price of wigs is PW = $6 and the price of suits is PS = $24. What is the optimal bundle (combination of suits and wigs) if Clark’s income is $180?
Can't find your answer?
Make a FREE account and ask your own questions, OR help others and earn volunteer hours!
Join our real-time social learning platform and learn together with your friends!
Join our real-time social learning platform and learn together with your friends!
Latest Questions
ShadowKid3:
So, I made this character I'm thinking of making mini animations with. Any sugges
10 minutes ago
1 Reply
0 Medals
Austinsbabygirl4life:
Do you think guys would survive on periods?
33 minutes ago
22 Replies
2 Medals
luhbabyliyahh:
How you all feeling? You wanna come back and check on the site and like 2025 type
1 hour ago
36 Replies
0 Medals
alyviahwillis:
if anyone has any questions feel free to DM me... I don't mind at all.
2 hours ago
0 Replies
0 Medals
alyviahwillis:
hey yall so how are yall doing today? also if you need someone to talk to let me
2 hours ago
13 Replies
1 Medal
Juss1Jordan:
Sometimes losing a friendship that meant the world to you means that God was keeping you out of things he KNEW you wouldn't be able to handle, God block cer
3 hours ago
5 Replies
1 Medal
Bbygirl15:
Por quu00e9 es difu00edcil agradarle a tu mejor amigo cuando a u00e9l le agradast
5 hours ago
6 Replies
0 Medals