Lauren likes to have 2 bottles of sports drink (X) when she plays 3 hours of basketball (Y). Her preferences are represented by the following utility…

Lauren likes to have 2 bottles of sports drink (X) when she plays 3 hours of basketball (Y). Her

preferences are represented by the following utility function: U(X,Y) = min(3X, 2Y). Her budget is $60,

and the price of a sports drink is $2.50 and 1 hour of basketball is $10.

What is Lauren’s optimal choice for drinks and basketball given her budget? Illustrate her optimal choice

on a graph, using indifference curve-budget line analysis. Include the value of her utility at her optimal

choice in your answer.

Join the Conversation

58 Comments

  1. 230209 121611Oh my goodness! an incredible article dude. Thanks a ton Nonetheless I is going to be experiencing difficulty with ur rss . Do not know why Not able to join it. Can there be everybody acquiring identical rss problem? Anybody who knows kindly respond. Thnkx 633687

  2. 749746 898699Even though youre any with the lucky enough choices, it comes evidently, although capture the fancy of the particular coveted by ly folks other useful you you meet might possibly well have hard times this specific issue. pre owned awnings 895046

Leave a comment

Your email address will not be published.