2
answers
1
watching
234
views
4 Apr 2021
a quadratic utility function given by 𝑈(𝑥,𝑦)= 𝑥+𝑦−0.05𝑥2−0.05𝑦2 where $90 is the consumer’s budget and the prices of the two goods are, respectively, 4 and 5. What are the optimal values of x and y to maximize the utility function of the cons
a quadratic utility function given by 𝑈(𝑥,𝑦)= 𝑥+𝑦−0.05𝑥2−0.05𝑦2 where $90 is the consumer’s budget and the prices of the two goods are, respectively, 4 and 5. What are the optimal values of x and y to maximize the utility function of the cons
26 Mar 2023