Suppose that ben has 90 to spend on two goods movie m and, Business Economics

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Suppose that ben has 90 to spend on two goods movie m and

Suppose that Ben has $90 to spend on two goods, movie (M) and hamburger (H). The price of a movie is $10 and the price of a hamburger is $2. Ben’s preferences are represented by the utility function: U(M, H) = M *H^2 .

(a) What is Ben’s optimal choice between movie and hamburger?

(b) Suppose that the price of hamburger rises to $5. How will this change Ben’s decision?

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Business Economics: Suppose that ben has 90 to spend on two goods movie m and

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Business Economics: Suppose that ben has 90 to spend on two goods movie m and

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