a) If you have Cobb Douglas utility function ……………………………….. ( 7 marks)
U: U (x. y) = x0.5 y0.5
Assume that the consumer is able to spend $40 on goods b, and c. where Px = 1, and Py= 2. Find the maximum quantities of b, and c the consumer can afford to buy and give him the highest utility.
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment