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Homework answers / question archive / If cheesecakes x1 and cookies x2 are perfect substitutes for the consumer whose utility function is U(x1,x2) = x1 + x2

If cheesecakes x1 and cookies x2 are perfect substitutes for the consumer whose utility function is U(x1,x2) = x1 + x2

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If cheesecakes x1 and cookies x2 are perfect substitutes for the consumer whose utility function is U(x1,x2) = x1 + x2. With income equal to $160, the price of one cheesecake is $10 and the price of one cookie is $8, how many cheesecakes will the consumer purchase?

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