a1q10 - Apiia smug.“ Question unmet" Internet...

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Unformatted text preview: Apiia: smug.“ Question - unmet"; Internet Explorer File 1&5! find We; Innis imp -W cheap bed hams full W. ECO" lm- Fall .2910 ap ‘ Homo Consumer Behavior I Practice Assignment I Back to Assignment Due Sunday 10.10.10 at 11:45 PM I 10. Philippe’s San Francisco Giants Philippe loves baseball. Hls favorite team is the San Franclsoo Giants. He spends all his income on Slants caps and T-shlrts. He buys these at a dugout store that will always refund his money when he returns its merd'landise. Caps cost $15 each and Teshlrts cost $10 each. Tnls month. Philippe consumed a market basket of two caps and eight T—shlrts. At this consumption point, Phillppe's MES of cans for T—shlms Is two. (This means that Philippe ls willing to made two T-shlrts For one cap.) w a. Does Phlilppe’s cunent market basket maximize his utility? —fl_ ® b. 11: increase his utility, how should Philippe adjust his consumption bundle? Philippe should Increase caps and decrease T-shirts. s] I" I w c. when Phllippe‘s market basket maximizes his utility, what will the MRS of caps fur T-shlrs be? 15 T-snlns per cap v] w: I Done .lntemei Ploiected Mode On amuse v .: ...
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