Aimee and Bruce live next door. Aimee likes to have parties at her place. u^(p) = 150p – ³2² is her utility function where p is the number of hours of partying she has at her place. Bruce is trying to get into grad school and the parties make it difficult for him to study. His utility function is u³(s) = 90s — (s+p)² where s is the number of hours he studies. How many hours s; will Bruce work if Aimee and Bruce are making decisions independently, and how many hours sp is it socially optimal for Bruce to work? (a) sį = 40, sp = 70 (b) sį = 70, sp = 40 (c) sį = 30, Sp = 90 (d) sį = 40, Sp = 90
Aimee and Bruce live next door. Aimee likes to have parties at her place. u^(p) = 150p – ³2² is her utility function where p is the number of hours of partying she has at her place. Bruce is trying to get into grad school and the parties make it difficult for him to study. His utility function is u³(s) = 90s — (s+p)² where s is the number of hours he studies. How many hours s; will Bruce work if Aimee and Bruce are making decisions independently, and how many hours sp is it socially optimal for Bruce to work? (a) sį = 40, sp = 70 (b) sį = 70, sp = 40 (c) sį = 30, Sp = 90 (d) sį = 40, Sp = 90
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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