Homework answers / question archive / 1)WHAT IS THE IMPORTANCE OF FESTIVALS? WHY DO WE HAVE THEM? WHAT IS A FESTIVAL THAT IS IMPORTANT IN YOUR HOME COUNTRY? DO YOU OBSERVE IT HERE IN CANADA AND DOES IT SERVE YOU TO UNDERSTAND OTHERS?  2) Aaron's utility function can be written as x9

1)WHAT IS THE IMPORTANCE OF FESTIVALS? WHY DO WE HAVE THEM? WHAT IS A FESTIVAL THAT IS IMPORTANT IN YOUR HOME COUNTRY? DO YOU OBSERVE IT HERE IN CANADA AND DOES IT SERVE YOU TO UNDERSTAND OTHERS?  2) Aaron's utility function can be written as x9

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1)WHAT IS THE IMPORTANCE OF FESTIVALS? WHY DO WE HAVE THEM? WHAT IS A FESTIVAL THAT IS IMPORTANT IN YOUR HOME COUNTRY? DO YOU OBSERVE IT HERE IN CANADA AND DOES IT SERVE YOU TO UNDERSTAND OTHERS? 

2) Aaron's utility function can be written as x9.50 x2.50, where x? is the quantity of hamburgers consumed and x2 is the quantity of milk shakes. His income is $2,000.00.
1st attempt Part 1 (1 pt) Hamburgers cost $8.00 each and the price of one milk shake is $4.00. If he is maximizing his utility, how much will Aaron spend on hamburgers? $ Part 2 (1 pt) The price of hamburgers decreases to $7.37 each. Now, how much will Aaron spend on hamburgers if he is maximizing his utility?