Diogo has a utility function: U = 100 x 0.5 z 0.5 The price of X is p x = $5 , the price of Z is p z = $14 , and his income is $1 , 200 . What is Diogo's optimal bundle? (round your answer to one decimal place) X 0 = units Z 0 = units
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Diogo has a utility function- U-100x0-5z0-5 The price of X is px-$5- t.docx
1. Diogo has a utility function: U = 100 x 0.5 z 0.5 The price of X is p x = $5 , the price of Z is p z
= $14 , and his income is $1 , 200 . What is Diogo's optimal bundle? (round your answer to one
decimal place) X 0 = units Z 0 = units