I need help with this task.

The utility function is U(a;b)=3a+2b. The prices for the goods a and b are equal. Explain what an optional consumption of the consumer would be without calculating.

How do I explain it without math?


Since the prices of a and b are equal, but the consumer gets more utility from a (3a vs. 2b) then the optimal consumption would be to purchase as much of a as possible, and only purchase b if a has run out.

I'd also like to point out it doesn't completely make sense to explain a math equation without math...

| improve this answer | |
  • $\begingroup$ Should I? $\endgroup$ – Giskard Nov 15 '17 at 7:09
  • $\begingroup$ @denesp I'd like to point out stackoverflow is full of highly upvoted answers to off-topic questions fwiw. $\endgroup$ – serakfalcon Nov 15 '17 at 8:24
  • $\begingroup$ Thank you! So I just need to look at the coefficients, right? Can the graph help me as well? I know it makes no sense without calculating what that is what the task is. $\endgroup$ – Felix Nov 15 '17 at 8:53
  • $\begingroup$ @serakfalcon Stackoverflow is free to decide on its own policy, as is any SE site. $\endgroup$ – Giskard Nov 15 '17 at 11:18

Not the answer you're looking for? Browse other questions tagged or ask your own question.