Minnie Applesauce is shopping for a summer lake cottage. Minnie hates mosquito bites, but the cheapest lake cottages have the most mosquitos. The price of a lake cabin is related to b, the number of mosquito bites you can expect per hour, according to the formula p = $20,000 - 100b. Minnie's utility function is u = x - 5b², where x is her expenditure on all goods other than her lake cabin. If Minnie makes her best choice of lake cabin, how many mosquito bites per hour will she get?

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The Answer of Minnie Applesauce is shopping for a summer lake cottage. Minnie hates mosquito bites, but the cheapest lake cottages have the most mosquitos. The price of a lake cabin is related to b, the number of mosquito bites you can expect per hour, according to the formula p = $20,000 - 100b. Minnie's utility function is u = x - 5b², where x is her expenditure on all goods other than her lake cabin. If Minnie makes her best choice of lake cabin, how many mosquito bites per hour will she get?

Minnie Applesauce Is Shopping for a Summer Lake Cottage