 Mathematics
27 November, 22:57

# If your income was \$40 and the price of pizzas was \$5 and the price of videos was \$4 , what combination of pizzas and videos would maximize your utility?

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Answers (2)
1. 27 November, 23:07
0
Answer: 4 pizzas and 5 videos

Step-by-step explanation:

Income = \$40

Price of pizza = \$5

Price of video = \$4

Let pizza be represented as p

Let video be represented as v

5p + 4v = 40

Solving further, the amount of pizza and video that will maximize utility are 4 and 5 respectively.
2. 27 November, 23:51
0
4 pizza and 4 videos

Step-by-step explanation:

let p represent the number of pizza

let v represent the number of videos

Total income = \$40

Price of pizza = \$5

Price of video = \$4

Price of pizza and video = \$5 + \$4

= \$9

Total amount spent on pizza = (5/9) * 40

= 200/9 = \$22.22

Total number of pizza bought = 22.22/5 = 4.4

= 4 pizza (approximately)

Total amount spent on video = (4/9) * 40 = 160/9

= 17.77

Total number of videos = 17.77/4 = 4.44 = 4 videos (approximately)
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