Tim gets utility from only two goods, rice (R) and beans (B). His preferences are represented by the utility function U(R, B)=R*B^2 a. Suppose a unit of rice costs $4, a unit of beans costs $5, and Tim’s income is $60000. Find Tim’s optimal bundle.
b. Suppose the price of beans falls to $4. How does Tim’s quantity of each good change

His Preferences Are Represented By The Utility Function U (R, B )= R. B^2 A. Suppose A Unit Of Rice Costs $4, A Unit Of Beans Costs $5, And Tim's ...

Step-by-step explanation:

use an equation of ratios to determine the amount of gas needed to fill the tank.

    0.2             0.8

  =    

288.75             x

                                                              231 gal

so, 0.2x = (0.8)(288.75 gal), and x = = 1155 gal.

                                                                0.2

it would take 1155 gal. to fill the tank.

the cost would be

1155 gal         $3

* = $3465   (answer)

      1           1 gal

hope this you

answer: just subtact the units and then add the non negative : happy to

step-by-step explanation: