Typed answer. 0.6 0.4two3.1 Manuel has the following utility U(4,9₂) = 34, 92 For what values of q, and q, do themarginal utilities equal 0 ? Is that a maximum or a minimum? Which combination of q, and q, provideshim with the maximum level of utility? 3.2 Now suppose prices are p₁ = 5 and p₂ = 10 and that Manuel has$100. Write Manuel's budget constraint and graph it with q, in the.x-axis. What is the slope? And theintercept? What is the maximum amount of q, he can purchase? And the maximum amount of q, he canpurchase?3.1 Manuel has the following utility U(91.72) =3924. For what values of 91 and 92 do the two marginal utilitiesequal 0? Is that a maximum or a minimum? Which combination of q₁ and 92 provides him with the maximumlevel of utility?3.2 Now suppose prices are p₁= 5 and p2 = 10 and that Manuel has $100. Write Manuel's budget constraint andgraph it with q₁ in the x-axis. What is the slope? And the intercept? What is the maximum amount of q₁ he canpurchase? And the maximum amount of q2 he can purchase?

Utility function shows the level or degree of satisfaction that a consumer receives in consuming a…

0.6 0.4 3.1 Manuel has the following utility U(₁9₂) = 34, 92 For what values of q, and q, do the two marginal utilities equal 0 ? Is that a maximum or a minimum? Which combination of q, and q, provides him with the maximum level of utility? 3.2 Now suppose prices are p₁ = 5 and p₂ = 10 and that Manuel has $100. Write Manuel's budget constraint and graph it with q, in the x-axis. What is the slope? And the intercept? What is the maximum amount of q, he can purchase? And the maximum amount of q, he can purchase? 4 3.1 Manuel has the following utility U(1.92)=39924. For what values of q1 and 22 do the two marginal utilities equal 07 Is that a maximum or a minimum? Which combination of q, and q2 provides him with the maximum level of utility? 3.2 Now suppose prices are p₁ - 5 and pa 10 and that Manuel has $100. Write Manuel's budget constraint and graph it with q₁ in the x-axis. What is the slope? And the intercept? What is the maximum amount of q, he can purchase? And the maximum amount of q2 he can purchase?

0.6 0.4 3.1 Manuel has the following utility U(₁9₂) = 34, 92 For what values of q, and q, do the two marginal utilities equal 0 ? Is that a maximum or a minimum? Which combination of q, and q, provides him with the maximum level of utility? 3.2 Now suppose prices are p₁ = 5 and p₂ = 10 and that Manuel has $100. Write Manuel's budget constraint and graph it with q, in the x-axis. What is the slope? And the intercept? What is the maximum amount of q, he can purchase? And the maximum amount of q, he can purchase? 4 3.1 Manuel has the following utility U(1.92)=39924. For what values of q1 and 22 do the two marginal utilities equal 07 Is that a maximum or a minimum? Which combination of q, and q2 provides him with the maximum level of utility? 3.2 Now suppose prices are p₁ - 5 and pa 10 and that Manuel has $100. Write Manuel's budget constraint and graph it with q₁ in the x-axis. What is the slope? And the intercept? What is the maximum amount of q, he can purchase? And the maximum amount of q2 he can purchase?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Typed answer.

0.6 0.4
two
3.1 Manuel has the following utility U(4,9₂) = 34, 92 For what values of q, and q, do the
marginal utilities equal 0 ? Is that a maximum or a minimum? Which combination of q, and q, provides
him with the maximum level of utility? 3.2 Now suppose prices are p₁ = 5 and p₂ = 10 and that Manuel has
$100. Write Manuel's budget constraint and graph it with q, in the.x-axis. What is the slope? And the
intercept? What is the maximum amount of q, he can purchase? And the maximum amount of q, he can
purchase?
3.1 Manuel has the following utility U(91.72) =3924. For what values of 91 and 92 do the two marginal utilities
equal 0? Is that a maximum or a minimum? Which combination of q₁ and 92 provides him with the maximum
level of utility?
3.2 Now suppose prices are p₁= 5 and p2 = 10 and that Manuel has $100. Write Manuel's budget constraint and
graph it with q₁ in the x-axis. What is the slope? And the intercept? What is the maximum amount of q₁ he can
purchase? And the maximum amount of q2 he can purchase?

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