Ben has a 2-period utility function U(x,x) = jx,x, , Xi is the consumption of wheat in period- 1. The farm has a current crop of 108 units of wheat. If Ben plants zi units of wheat, his second- period output (consumption) is x, = 12,/z, . His first period consumption is then x1 = 108 – zı. The optimal value of (x1, x2) is (а) (72, 72) (b) (36, 72) (с) (72, 36) (d) (36, 36)
Ben has a 2-period utility function U(x,x) = jx,x, , Xi is the consumption of wheat in period- 1. The farm has a current crop of 108 units of wheat. If Ben plants zi units of wheat, his second- period output (consumption) is x, = 12,/z, . His first period consumption is then x1 = 108 – zı. The optimal value of (x1, x2) is (а) (72, 72) (b) (36, 72) (с) (72, 36) (d) (36, 36)
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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