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Finance 510: Microeconomic Analysis

Finance 510: Microeconomic Analysis. Consumer Demand Analysis. Suppose that you observed the following consumer behavior. P(Bananas) = $4/lb. P(Apples) = $2/Lb. Q(Bananas) = 10lbs Q(Apples) = 20lbs. Choice A. P(Bananas) = $3/lb. P(Apples) = $3/Lb. Q(Bananas) = 15lbs Q(Apples) = 15lbs.

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15lbs choice - PowerPoint PPT Presentation

Finance 510: Microeconomic Analysis