Ask your own question, for FREE!
Finance 30 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!
Latest Questions
YoungBlood: pfp wonu2019t let me switch
2 hours ago 1 Reply 0 Medals
ShadowKid3: So, I made this character I'm thinking of making mini animations with. Any sugges
3 hours ago 7 Replies 0 Medals
Austinsbabygirl4life: Do you think guys would survive on periods?
5 hours ago 22 Replies 2 Medals
luhbabyliyahh: How you all feeling? You wanna come back and check on the site and like 2025 type
6 hours ago 36 Replies 0 Medals
alyviahwillis: if anyone has any questions feel free to DM me... I don't mind at all.
7 hours ago 0 Replies 0 Medals
Rosee5656: how do I level up!??!? >,
5 hours ago 14 Replies 4 Medals
alyviahwillis: hey yall so how are yall doing today? also if you need someone to talk to let me
7 hours ago 13 Replies 2 Medals
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
7 hours ago 5 Replies 1 Medal
Bbygirl15: Por quu00e9 es difu00edcil agradarle a tu mejor amigo cuando a u00e9l le agradast
10 hours ago 6 Replies 0 Medals
Abby13915: I made an alpaca for my fashion club
11 hours ago 3 Replies 0 Medals
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!