Ejercicio Test 1 - a · Microeconomía I UPF 2019

Two goods are considered: canned water in containers of 1/3 litre (good 1) and bottled water in containers of 1/2 litre (good 2).

Test 1. Questions 1-11 (April 14, 2020)

a. Betty allocates her budget across two goods: chupa chups ($x_1$) and m&m's ($x_2$). Her budget constraint is $x_2 = 42 - 7x_1$. What is the maximum amount of chupa chups that Betty can purchase?

()